China’s President Xi Jinping holds a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing, China November 9, 2017. REUTERS/Jonathan Ernst
Derek Scissors, AEI: Should the US and China give up on a deal?
The $68 billion affected thus far in the US-China trade standoff is a tiny fraction of economic activity in either country. Significant escalation, if it occurs, is weeks or months away. The bigger problem is that, if a deal is reached, only a year and a half of calm may result. The two countries’ short-term behavior is being fueled by the realization that no agreement will last.
The Trump administration is a difficult negotiating partner because it is divided on China goals. A lower bilateral trade deficit? Retaliation for coercive technology practices? A fundamental change in the PRC’s economic model?
Read more ....
WNU Editor: Derek Scissors's analysis on China and what they have done in the past year .... and how they have misread and miscalculated on President Trump .... is spot on.
Reagan get rid of USSR. Trump will do the same thing with China. That's not about the people, but about the Regime. After the disaster Carter's policy, Reagan bring up the military and challenge USSR. Trump is doing exactly the same thing with China.
ReplyDeleteXi is here for a more long time than Trump, that's true, but it doesn't matter who is president. Even a Democrat will do the same or worse: after all Obama make the "pivot" for China, not for the Fiji Islands.