The trade war is over — and the winner is China
https://www.marketwatch.com/amp/story/guid/B19B4A98-9C0C-11E9-956A-E9AF1A718551?ch=99&share=f6cf8538 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.
Obviously. 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?
Your bias is still showing
Sorry. “China” as you so state is no more of a thing than “Rome” or the “all controlling Illuminati”. Please. Don’t conflate the CCP with the Qing or Han dynasties. “China” in is current form is far from a singular, continuous entity that has existed for millennia. Yes, they are thinking in the long term and have the ability to not think in 4 (2 year) electoral windows as they work on exerting and expanding control. But the “China” as you so state has only existed for order of decades. They are more fragile than you think.
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
Correct! This is a democratic vs autocratic process problems
well said
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.
No way - an honest journalist with a TDS?!
Learn how to post a link
Trump is a total fraud and won’t stand for any principle, the only thing he stands for is his own interest.
Trump is weak and corrupt.
What did we get so far from stronger Presidents?
That was expected. What a waste of time and resources.
25% tariffs on 250b still in effect...China’s backtracking on demands to drop them before continuing to renegotiate
Trump is such a loser. Hopefully his supporters will realize how big of losers they are too for following such a loser, but probably not.
All of this is very hypothetical and premature. Who the hell knows what it's going to actually end up being.