http://www.vindy.com/news/2018/jul/21/associated-press/
“I’ve been surprised that up until now, markets seem overly sanguine about the risks” of a trade war between the world’s two biggest economies, said David Dollar, senior fellow at the Brookings Institution and a former official at the World Bank and U.S. Treasury Department.
Investors as a whole appear to accept the argument of Trump economic advisers, notably Larry Kudlow and Kevin Hassett, that the president’s threats will likely force China, the European Union, Canada, and Mexico to eventually negotiate better trade deals.
But many analysts are skeptical that Trump’s tactics will produce such an outcome. Rufus Yerxa, president of the National Foreign Trade Council and formerly deputy director general of the World Trade Organization, said Trump appears to think that America’s trading partners will yield to pressure without securing any concessions in return.
“That isn’t how trade negotiations work,” Yerxa said.
China will likely retaliate if additional tariffs are imposed, economists note, rather than simply knuckle under. President Xi Jingping “cannot lose face with his own people by giving in to the United States,” Dollar said.
Philip Levy, a trade expert at the Chicago Council on Global Affairs and a former White House trade adviser, suggested that Chinese officials have been frustrated and confused by their previous failed efforts to reach an agreement. "
Started by wglassfo - July 19, 2018, 11:49 a.m.
Looks like china has given trade issues some serious thought
I doubt china will be as easy a target as trump
thought
Trump has a simplistic view to trade issues
He fails to consider the entirety of the whole
picture
As of today china is allowing their currency to devalue
Trump correctly knows what is right and wrong, fair or not fair but has not developed a long range plan
Trump is sacrificing his pawns at an alarming speed
If he allow his knights, rooks and bishops to go
without equal value then you know who wins
So far all indications are that Trump is sacrificing pawns with out thinking several moves ahead
The americian mid west is getting restless
I doubt the mid terms will lose pubs enough to make any significant change
We have to remember china has shown their
skill at winning the long game
Trump wants things to happen yesterday
Thus his loss of pawns are losing the game for him
What has Trump won so far in this world trade game
What indicates he will win anything
I feel sorry for the man
He is correct but has suffered the torture of a 1000 small cuts
Trumps natural response is to double down
immediately
1000 cuts will win the long game
China will have very good intelligence on domestic issues in the USA
China is an expert at the long game
So:
How much, how long and at what speed, does china allow their currency to
devalue
By Richard - July 19, 2018, 9:05 p.m.
President Trump is not being short sighted. He also does not need to rush to a deal. The people that I know and talk to understand that China is The Problem and are happy to have a President that will stand up to them. If this ordeal goes on longer, then so be it. We need to get a better deal from China and the longer it goes on the more determined we as a nation are. I feel sorry for the farmers and perhaps congress can give them a tax break to help them out.
By MarkB - July 20, 2018, 12:50 a.m.
China can only win by the sacrifice of it's own people. And it will sacrifice it's own people. Such is the priorities of communist and socialist nations.
Hey Yerxa, how about go bite one. Concessions, please, after America getting its can handed to it with poor negotiations and agreements for decades most foreign countries took their concessions in advance. Yerxa sound s just like one of the upper elites like Kerry and company who sold this country out with poor agreements. This is a new day and a new way