(sorry please note the section above “Trump railed against China on the Campaign trail, but has done little in the way of firm action against the country since his election...” is all from the article)
Millions of Middle class manufacturing jobs were stolen by China, NOT Russia, NOT Iran, NOT N Korea, Not Mexcico, Not any other country. Candidate Donald Trump was the ONLY one talking about $400-500 Billion ANNUAL trade deficits with China. The so called conservatives, so loved by many, were for “free” trade? I am glad they all bit the dust during primaries.
Because all they care about their ultra-rich HANDFUL donors, and not the vast hard working middle class.
“Trump might be close too escalating...........”
Add your own topic as there are a gazillion
This is going to be a problem. Thirty plus years of de-industrialization, along with moving most of that capacity to a communist country, has taken its toll on domestic manufacturing.
Even if we cut off imports from china, it will take years to bring us back up to what we used to be able to produce. The whole domestic supply chain has been systematically eliminated.
In the short term, expect something along the lines of an OPEC style embargo of industrial products by china. It will hurt, possibly enough to break our will and capitulate to the chinese.
China’s threats of retaliation ring hollow.
We have at least a $500bil trade deficit with them. And, we are the largest market in the world for all finished goods.
If they want a trade war, they’re stupid.
They won’t survive it, and we will.
And China knows this. They also know what the US seeks is fair and reasonable.
They will not destroy themselves over something fair and reasonable.
Funny how it’s always Trump.
Trump this, Trump that, it’s never the other guy.
Trade war? Shock and awe baby!
The farticle could have also been headlined. "Trump MIGHT NOT be close to escalating a trade fight with China."
He might be but he is not. The Chinese will back down in any fight with Trump. Make no mistake they can see that Eurostan is going into the toilet and eventually won’t have the money to buy what China makes. They have been around a long time and they re not stupid.