This deal — the second time President Trump gave in to China’s demands and ended restrictions on a major Chinese technology company that had been accused of threatening U.S. national interests — effectively marks the end of Trump’s trade war with China.
Why? Because it shows the president won’t go to the wall to fundamentally change the U.S.’s trade relationship with the world’s second-biggest economy. The Chinese president has clearly calculated his American counterpart is unwilling to do anything that would threaten his support among key constituencies, like farmers, as the 2020 election looms. (President Trump also has backed down big time from his bellicose talk on North Korea and now appears ready to tacitly accept Pyongyang as a nuclear power.
Trump’s big concessions to Xi pleased powerful interests hurt by the tariffs. The heads of the National Retail Federation and Semiconductor Industry Association both praised the new cease-fire. ”Trump said he made the decision to allow Huawei to buy U.S. products at the request of American ‘high tech companies,’” CNBC reported.
- Google Trump 1793Obviously. China has been playing the long game for 4000 years, why would they capitulate to this utter buffoon who will only be around for another year?
- Uber TravisKhos@Microsoft Wrong. Unlike Rome, China has very much been a continuous entity as both a country and a civilization. Sure there have been major social changes to many countries in the past century, including China. But calling China after 1949/1912 something out of nowhere is ignorant. It’s like saying you are two unrelated creatures before and after going to your high school prom.
China is known to be the only ancient civilizations out of four that has continued into nowadays. The culture, value and wisdom it developed across 4000 years has shaped almost all East Asian countries and are still the core of the modern China society. You got to zoom out and take a more general history view to see how Stubborn and consistent this thing has been and how a few decades don’t matter that much.
Btw by “Qing” I presume you meant to say “Qin”, which is the dynasty dated back to about the same time of Rome. “Qing”, however, ended just 100 years ago.
- Furthermore, throughout China's history they have often had some sort of planned economy. As much as Trump might wish he were king, he's still beholden to the interests of America's wealthy elite. Tariffs are bad for business in most industries. Many traditional Republicans disagree with the trade war for economic reasons.
Traditionally in China, merchants were considered a lower social class than peasants. Through good times and bad, for thousands of years China's leaders have usually seen capitalism and foreign trade as something to rein in and control. It's therefore much less jarring for China's people and businesses to weather a temporary storm of tariffs. Especially since they know Trump is a temporary phenomenon, and China's own supply chains are less multinational than the US's.
Plus, Trump repeatedly and publicly displays his ignorance of fundamental economic concepts on Twitter and elsewhere. China's leaders know they are dealing with an intellectual lightweight who cares more about making himself look good than on the actual effects of his policies on American people.Jul 7 2
- Trump has a fundamental disadvantage in the trade war, in that Americans CARE what happens, and vote accordingly. Xi on the other hand, controls all the cards in his country. So the best way for Xi to play this is to turn up the pressure just before US elections start
- Hard to take the article seriously when the author clearly has TDS. Agreeing to continue talks while maintaining a certain level of tariffs that can be ratcheted up seems a long way from capitulation. Huawei wasn’t even a part of the trade deal discussions to start, so Trump just played a chip that wasn’t part of the negotiation and got something in return.
- Apple metaforNobody wins in a trade war. Consequently everyone wins when it’s over. Infantile “you’re first or you’re last” BS is best relegated to Talladega Nights.