They gave us the tools and thought we would never be smart or tough enough to use them.
This
If you owe the bank $100 million, the bank owns you
If you owe the bank $600 billion, you own the bank
Trump is a master at this game
Ping.
My thought was that this has reached the point where all Trump needs to do is offer Xi a face-saving way out. But my buddy who lived in China for 10 years sees it as Trump’s opportunity to break Xi by denying him that and forcing the crisis to a breaking point. Xi has set himself up to be the next Mao, being written into the constitution and all, maybe that’s a step too far - we’ll see. But the inescapable fact is that China cannot do without US exports, including soybeans, and especially without ongoing US consumption of China-made goods which has bee the key to their economic growth for the past 20 year. And Trump knows it.
Wait a minute - I had it on good authority that tariffs NEVER worked and that trade wars were ALWAYS suicidal.
You mean I was lied to???
Just:
1. say China now fully understands US concerns
2. change Chinese laws & regulations to make China a better trading partner, full respecter of intellectual property and trade secrets and better customer for US exporters
3. order record breaking amounts of US soybeans
4. have top Chinese drinking milk often on TV.
Wow²!! Actual factual reporting, along with comments that show, bottom line, the writer gets it! We just don't see writing like this in our own country any more, maybe Victor Davis Hanson, but few and far between.