Post by Warrigal on Jul 31, 2018 16:51:46 GMT -5
Donald Trump is beginning to learn that he isn't as smart as he thinks he is.
His immigration policy has blown up in his face, the Iranian leader won't meet him because he judges Trump to be untrustworthy and President Xi of China is about to teach him a painful lesson about tariffs and how to punish economies foolish enough to threaten China's.
Humiliations are beginning to pile up.
Beijing is deploying weapons the US did not anticipate
"Trade wars are good, and easy to win." So claims Donald Trump. Interesting, then, to look at how China's Xi Jinping is proving the U.S. president wrong on both accounts.
Trump's description of trade wars as "good" is given the lie by strong criticism from fellow Republicans. One example: Senator Ben Sasse warning that the protectionist gambit is "going to make it 1929 again." Trump's charactization of trade wars as "easy" is contradicted by his needing to subsidize farmers China-style, some of them in Sasse's state of Nebraska, to the tune of $12 billion.
The real reality check, though, is coming from the country Trump thinks he can take down with a few levies on goods.
There are many ways for China to hit back. …
Details here: asia.nikkei.com/Opinion/China-s-four-trump-cards-in-the-trade-war
