China is trying to pass President Trump to his head.
Trump’s tariff efforts to submit to bully China are already brilliantly wrong. Far from being threatened, China is being encouraged by a new sense National Purpose. For those who had a bit of understanding China’s history, this was all completely predictable.
The first Opium War In 1839 there were two, and ironically there was a controversy over the trade deficit. It involved the UK attacking China and forcing Western countries, including the US, to sell opium to China. If we imagine the Chinese occupying New York City to force the US to legalize fentanyl trade, we can get an idea of what this incident means to the Chinese people.
The first Opium War was the result of China’s “A century of humiliation,China was exploited and invaded by various foreign forces. It didn’t end until the Japanese were kicked out at the end of World War II. This is still an open wound for China.
And he doesn’t want to. Trump’s efforts to punish China by imposing a 145% tariff on Chinese imports was in fact the biggest gift he gave to XI. First, China is far better at surviving the trade war than the US. For one simple reason, China can solve the biggest problem by throwing money. Exporters could lose their business, but China can use some of them above $75 billion It invested only in the US treasury to keep them floating.
The US can’t do that – it’s not a financial issue, it’s a supply chain issue. If China stops exports to the US, there is no amount to meet Walmart. Remember when you tried to buy medical masks during the pandemic? I’ll hang it Tens of thousands of products. Many things are completely unavailable and what is available will be much more expensive. Even Trump cannot abolish the laws of supply and demand through an executive order.
China has also been long-term interest in reducing its economy’s dependence on exports and reducing its dependence on Western technology. Trump’s trade war gives Xi a great opportunity to pursue these goals. Because the resulting pain now comes from the intense foreigners trying to humiliate China again.
Therefore, China is not in a hurry to end the current standoff. This is a fact that makes Trump very nervous. When pushed, Trump is in the habit of saying anything he thinks he’ll buy him after a while to remove the pressure, whether it’s true or not. His constant promises to release Some new policies “In the next two weeks” became a joke during his first term.
He is still doing the same, releasing a fantasy statement about how a trade deal with China is imminent. Chinese officials sayI reached out“He has maintained his many positive lectures, “every day“No negotiations have been carried out Totally.
Trump is essentially negotiating with himself. he Abandoned His 145% tariff on Chinese-made electronics within 48 hours. And now, in response to China’s silence, he tells the world that tariffs on China are much lower. He said, “We’ll be very kind. They’ll be very kind. We’ll see what happens. But in the end, they can’t trade in the US, so they have to trade.”
You can actually smell the fear. If the other side has to start negotiations insisting that they will come to the table, you’ve already lost.
Just as Chinese people have good reasons, Trump has good reasons to fear Let him do stew. The impact of an effective trade embargo Empty shelf Within a few weeks, most wholesale Christmas orders are Early June. All Order those If you think that retailers could be hit by a 145% tariff on Christmas lights, Barbie doll. The headline “Trump Who Stolen Christmas” writes herself.
Of course, Trump is free to unilaterally abandon US tariffs on China, but there is no guarantee that China will return and travel.
All this means that Trump has dug a very deep hole in himself, and the Chinese don’t help him dig his way. They intend to withdraw the price before they agree to recover their normal trading. It could be Grobel’s public apology. It may be a promise to abandon Taiwan – Trump is probably a whimper anyway, or it may be a formal perception of China.Nine Dashline” Territory claim. But whatever it is, it will grow.
And that would be bad for America. Trump’s efforts to punish China for “ignoring” China was an essay of historical ignorance and economic stupidity. He is now attending school in real time. And that would be an expensive lesson for both him and us.
Chris Truax He is an appellate counsel who chaired Southern California in 2008 John McCain’s major campaign.
