> China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade <
Now that’s funny right there. Because it’s an empty promise. My prediction: China will be boosting US purchases only while the heat is on. After things settle down, it’ll be back to business as usual.
I think they will buy key assets. Perhaps oil and gas companies, large tracts of land and food companies and farms.
And if they do, the sanctions will go right back on. Do you really think you’re smarter than Trump and his trade advisors?
That anticipates a second term for President Trump.
I see this as a smart move by the Chinese. They hold at least that much U.S. dollar denominated debt.
They get to turn essentially worthless debt (which the U.S. can write off anytime with a simple digital transfer) into concrete things like U.S. companies, high-end technological manufacturing equipment, agricultural products and oil.