If I’m not mistaken, some Leftist wrote an article recently that the US could never win a trade war with China. Uhhhhhhhhhhhhh..............
Not so much.
They’re screwed. They know it. They’re trying to garner sympathy. Hmmmmm .... just like the Dem’s
That’s a rather large country and sizeable population that is going to go thru some legit turmoil, pretty soon.
“That’s a rather large country and sizeable population that is going to go thru some legit turmoil, pretty soon.”
2019 is the year that the turd hits the fan over there.
Their positions and statements will likely be increasingly driven by their domestic politics. They are going to have a lot of explaining to do.
They are already scrambling to save face, from getting hit with tariffs that they can not match. On top of the real economic dislocations from losing business due to tariffs, the risk of currency or stock market collapses will increase - both would place a heavy demand on their foreign reserves. Then there is also the risk of their debt bubble bursting.