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.
They need the trade deal more than we need them.
Very cogent analysis of the Hong Kong situation!
The most destabilizing ramification will be a dive in the stock market, as you point out. Hopefully, there would be a quick rebound, since we dare not have a pronounced downturn on Wall Street as next year’s election ramps up.
Getting this Phase One trade deal done with China—and finally having Pelosi allow the USMCA to be put to a floor vote—would indeed be feathers in PDJT’s cap as he solidifies his reelection!!!
The HK bill has no teeth. It is a PR feel good exercisae to give attention to the hK situation as they are getting a raw deal
Use the HK Bill as leverage to get a trade deal done.
Nancy realizes she has to pas the Canada/Mex deal and read that it goes up next week to be done by end of year. She and her crew will add a tweak or two, so they can say they did so much for American worker and that Trump is not a great negotiator. blah blah
BUT he walks into re-election with a red-hot economy, 2 solid trade deals, Dow Jones @ 32,000 against a Left Wing Nut case that can only pander w/ giveaways.
Got to like those odds, then confirm more Judges and 2 more Supreme Court judges over next 5 years.
Why all their heads are exploding as the Cold Civil War could be over by 2024
[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?]