Based on?I sincerely hope this is true. I am pretty damn confident that it is not.The Chinese are patient, and Xi Jinping is a very patient man. They are used to five, ten, and twenty year plans. Xi is also politically savvy. He knows Trump is a very unpopular President and is getting more unpopular everyday as his trade war becomes more serious..Because of his 15% tariff, prices on popular consumer goods go up big time beginning Sept. 1.
Trump has until November 2020 to make some progress. So far his trade war has been disastrous, and Wall Street has been treading water since Jan. 2018. Today, even Trump is concerned about a possible recession.
All Xi has to do is wait him out. Actually, in Chinese terms, Xi doesn't have long to wait. Thirteen months, that is thirteen seconds on the Chinese clock.
Wait him out for WHAT exactly? What is Xi hoping to gain in this?
Xi is hoping to get a new president that is more reasonable and willing to negotiate and does not conduct diplomacy via tweets.
It looks to me that XI is looking to restore China as the premier world power. Limiting US control over international markets and putting China there would basically achieve this. The reason that the US can essentially bully the world into doing what is in the interest of the US is because the planet's economy is tied to us. IF Trump had leveraged the rest of our allies to address China's bad faith trade policies then he may have forced them to the table. What Trump has done instead is try and take them on 1 to 1 and they are responding by shoring up their position in the global economy instead of ours.
I no longer thing that Xi really wants a deal with the US. I think he would rather see us isolated so that China can exert much more influence on the rest of the world.
That is long term. Short term, he wants to keep the massive trade surplus.
Why would he want to support action for the short term that is 100 percent counter to his long term goal? That is nonsensical.
What are you even talking about?
Going "back?" Who said anything about going back. The US has ENORMOUS economic influence over most of the word, over virtually all of the productive world. Rather than beat China over the head with every trading partner we have, Trump goes on a bunch of trade battles with out allies at the same time as taking on China. That is asinine. He should deal with China from the greatest position of power. A position that used all the European markets as well. Instead, we are dealing with China from a weaker position than we could be in.And our "allies" were never going to back US. They are too used to the US being the world's bitch on trade.
For someone that is supposedly sup[posed to be good at making a deal, this is the most basic rule in negotiating.[/QUOTE]
"Backing" someone in this context, was obviously a reference to "supporting" someone.