“True, but President Trump must” pretend to “take the ChiComs at their word or risk getting all of our drug deliveries from China cut off.”
Fixed it. I believe President Trump has it under control and will deal with the Chinese duplicity once the crisis has passed.
I have some pretty solid ideas to suggest to him (like he’ll ever hear me, LOL) once we are out of crisis mode. Like charging off the costs of this against Chinese held US debt. Like doing the same for Chinese nationalization of our companies. And more. They want to fight dirty - we hold more of their assets hostage than they do of ours.
“we hold more of their assets hostage than they do of ours”
Nonsense.
China holds $1.3 trillion in US government debt.
Plus a sizeable portion of manufacturing for US tech companies...likely over 30%. And pharmaceuticals. And any number of other things.
A SUBSTANTIAL portion of US Capital Stock.
China holds at least 10X of US assets than the US holds of Chinese assets. Likely more.
But we are the market. And in that is enormous power. We can buy from somebody else, or make our own, and turn those assets into dust.