bendog
Diamond Member
- Mar 4, 2013
- 46,279
- 9,696
Trump is “losing the ‘Cold War’ with China,” former World Bank Director Robert Zoellick wrote last week in the Washington Post. The Republican is unsparing in his evaluation of Donald Trump’s signature trade war, which in retrospect was not easy to win, as Trump once wrote. Instead, it “forced [Trump] to spend $28 billion to compensate U.S. farmers,” and “stuck Americans with an annual bill for higher taxes on $350 billion of purchases from China.” Zoellick adds that “Moody’s Analytics estimated that Trump’s trade war with China has resulted in 300,000 fewer jobs being created in the United States.”
— Your host sees few arguments from conservatives in the Sinosphere that Trump has won this trade war. Pro-Trump arguments generally hold that engagement failed, that those efforts were naïve or that Democrats (or Trump critics) downplay or misunderstand the threat from Beijing. But after over three years of trade feuds, almost no one is saying the president, or America, got the better end of this bargain.
— Your host sees few arguments from conservatives in the Sinosphere that Trump has won this trade war. Pro-Trump arguments generally hold that engagement failed, that those efforts were naïve or that Democrats (or Trump critics) downplay or misunderstand the threat from Beijing. But after over three years of trade feuds, almost no one is saying the president, or America, got the better end of this bargain.
Here comes the China reckoning
www.politico.com