Salvatore Babones, National Interest: Trump Doubles Down On The China Trade War
If 1989 was the historical moment to squeeze the Soviet Union, then 2019 is the historical moment to squeeze China.
President Donald Trump is threatening another round of China tariffs, this time 10 percent on the remaining $300 billion in Chinese goods that are not yet subject to punitive tariffs. The new tariffs should go into effect on September 1, barring a change of heart on the part of the president or some real action on the part of the Chinese.
Trump’s aggressive push on tariffs has thrown the country’s expert class into a tizzy, with pundits predicting a severe shock to the American economy, blaming the trade war for every blip in stock prices, and warning of the potential for runaway inflation as consumers pay the price for Trump’s tariffs.
Meanwhile the economy is employing record numbers of people, inflation is running well below the Fed’s target rate, and stock markets are slightly up since the beginning of the “trade war” in April. The data simply refuses to satisfy the pundits’ appetite for economic carnage.
Read more ....
WNU Editor: Needless to say. The above post is my must read story for today. On a side note, here is another good article on the rise of the "New China Lobby" and their view on what needs to be done with China .... The New China Lobby (Tony Stark, Small Wars Journal).
2 comments:
Oh, so sad...
Mile,
Sarcasm?
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