Ping!
Well, there were articles out the other day saying China’s trade surplus with the United States was bigger than ever. So if China is losing the trade war, I guess we losing it more.
Here’s one such article:
For those who don’t bother to read the article ( I DID ), here’s the fly in the ointment (from the above article ):
China plays the long game. There are no elections on the calendar that threaten to upend Xi’s rule. Unless his economy tanks and unemployment gets out of control, Xi can take a little bit of pain. He’ll be around longer than Trump, who has less than two years left in his first term. Current polls, while early, suggest Trump loses to most Democratic challengers in November 2020.
The two biggest China hawks in the Democratic Party—Nancy Pelosi and Chuck Schumer—are not running for president. Xi may be able to assume things return to the status quo, even if current tariffs remain. The previous Democratic administration of Barack Obama preferred only to complain about intellectual property and only used tariffs to target a handful of products, like Chinese tires, under World Trade Organization rules. Trump can care less about the WTO, so China wins if a new Democratic president leaves the trade dispute up to those guys instead of the President. Xi would love that.