Indeependent
Diamond Member
- Nov 19, 2013
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Like I posted early yesterday, “Who buys a Cadillac?!”.More Cadillacs are sold in China than in the US.And other than residents of Shanghai, how many Chinese can really afford most of our products?It is also the worlds largest consumer market. No country will want to be excluded from it, not even the US. Short-term wins may turn out to be long-term losses as China adapts to a new relationship with the US.Beijing has been enjoying the benefits of free trade with the West and the domestic political fruits of an increasingly anti-Western foreign policy. It’s time they were made to pick one.
China Loses More From This Trade War.
“It is vulnerable because it is a much poorer country with more fragile political institutions.”