Trade war is hurting China; it may hurt Trump more
By Eugene Robinson
The Washington Post
President Trump is conducting his trade war with China as if it were a zero-sum game, but its not. Its a negative-sum game. Both sides lose.
Sad! And self-defeating.
Its clear at this point that Trumps ill-advised gambit of tariffs and bombast is hurting both economies. The question is who can more stoically withstand the pain: an autocrat with a mandate to rule indefinitely over a tightly controlled one-party state, or a democratically elected president with dismal approval numbers who must face voters in 14 months.
I think I know the answer. I think most people do, except Trump. The president seems to have drunk his own Kool-Aid about being some sort of genius deal-maker. Asked Monday about his erratic and disruptive method, if you can call it that, Trump told reporters with a shrug, Sorry, its the way I negotiate. Im sorry, too. The whole world should be.
Revised figures released Thursday show that the economy grew by 2 percent in the second quarter of this year; not bad, but sharply down from the 3.1 percent growth we saw in the first quarter. Trump claims on Twitter and at his rallies that the economy is not slowing. His own administrations statistics prove thats not true.
In fact, the economy is growing at about the same rate as during the last quarter of the Obama administration; the difference being that now economists are worried that were sliding toward a recession.
https://www.heraldnet.com/opinion/robinson-trade-war-is-hurting-china-it-may-hurt-trump-more/