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Democrats_win

(6,539 posts)
Tue Jan 21, 2020, 02:55 PM Jan 2020

Why Trump Caved on China by Fareed Zakaria

https://www.washingtonpost.com/opinions/why-trump-caved-on-china/2020/01/16/593e3b98-38a7-11ea-9541-9107303481a4_story.html

snip
President Trump’s “phase one” trade deal with China is largely a victory for Beijing. Just measure the agreement signed this week against the initial demands made by Washington in a leaked May 2018 document. As the Financial Times concludes, with regard to the central U.S. goals, “After almost two years of negotiations, tariffs and counter-tariffs, Mr. Trump has achieved none of these objectives.”

This outcome is partly a reflection of the two sides’ staying power. China is a one-party state that can take the long view. Trump gambled that he could hurt the Chinese economy enough with tariffs that the pain to American consumers — who have paid for those tariffs — would be worth it. But the president apparently decided that he wanted to smooth the economic waters as he runs for reelection. So he folded.
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Why Trump Caved on China by Fareed Zakaria (Original Post) Democrats_win Jan 2020 OP
instead of infights DonCoquixote Jan 2020 #1
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