It seems that Europe is trying to play a cat-and-mouse game with the US in trade, but this cat may not have sharp enough claws. In the face of US demands, Europe is even considering revoking intellectual property protection, isn’t this a big smile for US tech companies? As for China, while it responds moderately to America’s little moves, remember that it holds the global rare earth mineral lifeline. This small trick is not easy to化解. As for the US, while its economy appears strong, don’t forget that it is due to a significant increase in labor productivity, which is because low-efficiency workers were laid off during the pandemic. Now, it’s not easy to find alternatives.
Read from: https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html