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Trump may well have bitten off more than he can chew with China. It seems the Chinese view his actions as an existential threat and are playing for the long term. Already Tump's petulant and impulsive actions on trade have done serious damage to the US economy and they will only get worst. There will be no further imports from China that were arranged before tariffs were imposed and China is revising its schedules to maximize its long term benefit and minimize its long term damage. And China can do much to discomfort Trump in the South China Sea and elsewhere.

For the USA the worst damage has already been done. China has acquired most of our most advanced technology from one sided deals it made with short sighted US technology corporations. Where that didn't work they have used espionage. The US response has been pathetic and Trump is ill equipped to play a smart long game.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Nov 7th, 2018 at 09:15:00 PM EST
[ Parent ]
The US-China trade deficit increased.

Diversity is the key to economic and political evolution.
by Cat on Wed Nov 7th, 2018 at 10:45:14 PM EST
[ Parent ]
That result was largely due to businesses ordering all that they can before the tariffs took effect. That front loaded the trade relationship numbers for the next decade or so. So US businesses had better start seeking import substitutions. At least we might be able to open some of our rare earth mines, seeing that as now being cheaper than buying from China.


"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Nov 8th, 2018 at 04:37:56 PM EST
[ Parent ]
Also the Iran sanction waivers. Did you catch that last week? I wouldn't be surprised if you missed it.

I saw it first at Xinhua, later on Reuters, I think it was, which characterized responses from China, India, S Korea, and Japan as "grateful." Meanwhile S Korea's economy has been circling the bowl because of DPRK and Iran sanctions. That's how much the US Congress cares about world peace.

No waiver for any and all members of the EU. So coming into this week, EU is getting aggressive with China for preferential treatment in the Belt development.

They've sabatoged BRICS. And they've washed their hands of September's  beauty show in Africa --money for migrant-detention.

A month before all this Walmart sent the WH an earnings warning attributable to tariffs. Did you catch that?

Let's be clear. Westworld is at the end of the resource train that's been loaded with barefoot and pregnant "third-world" territories. None of these people know how to handle themselves as peers in business, so they lie, cheat and bribe, and gin up deadly intrigues that can't be solved by selling arms. That's it. There is no "advanced technology."

Diversity is the key to economic and political evolution.

by Cat on Thu Nov 8th, 2018 at 12:13:55 AM EST
[ Parent ]
Not to mention that no one has yet to explain what the US stands to gain.  More exports to China?  Hah.  Jobs returning to the US?  Double or triple hah.
by rifek on Thu Nov 8th, 2018 at 01:00:22 AM EST
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