Hard to believe the Chinese will ever abide by any deal, with no respect to enforcement measures.
I think the crippling tariffs are the best course of action, at least for the foreseeable future.
If nothing else, the tariffs are putting the United States ahead of the game by imposing verifiable economic impacts for both sides.
Wonder what the consequences will be if President Trump eventually signs that legislation, passed overwhelmingly by both chambers of congress, to side with those protesting for human rights in Hong Kong???
If PDJT signs, it will alienate Xi. If he doesn’t, he’s likely facing his first override vote, which would be problematic.
Trump should ask Congress to pass again by a veto-proof majority. So simple!
RE: Wonder what the consequences will be if President Trump eventually signs that legislation, passed overwhelmingly by both chambers of congress, to side with those protesting for human rights in Hong Kong???
If he signs the bill, I don’t think China can do a darn thing. What will they do? Just cancel the trade talks over a bill?
They already have the means to stop all these protests — FREE ELECTIONS.
The HK people, when given the chance to vote ( as they did last week for LOCAL elections ) are law abiding and will not rebel. Notice how the street protests have stopped since last Friday.
All China has to do is give the Citizens of HK the autonomy they want and all will be peaceful. The ball is on China’s court.
Now, if for some stupid, arrogant, prideful reason, China makes the signing of the bill an issue for discontinuing the trade talks, what will happen to the US economy?
Not much I think. The main effect would be the plunging of the stock market which has been soaring to new heights even as we speak. But this will be temporary as the most important factor for companies in the S&P 500 is PROFITS and EARNINGS. I don’t see these being much affected by China at all. They need the trade deal more than we need them.