China Tariffs Reduce Funding for Beijing’s Military
Photo: Screenshot from the WeChat account of the Chinese People’s Liberation Army Southern Theater Command
Xi Jinping’s goal is to have the People’s Liberation Army (PLA) ready for a Taiwan invasion by 2027 and to surpass the US military by 2035. The PLA’s modernization costs money that Beijing gets from Americans who invest in China and/or purchase Chinese imports.
The media keeps blaming Trump, saying the tariffs he put on Chinese imports were ineffective because they made Chinese products more expensive, which was inconvenient for Americans. They also warn that if you vote for Trump in 2024, the tariffs are likely to go up.
As a trained economist,
