First of, the US is in no place to dictate economic terms. Let’s look at some facts.
-Chinese economy is growing faster than the US economy
-China has outpaced the US economically for years now
-China does not have unmanageable levels of debt
-US debt is $22 trillion and counting. Two trillion were added on during Trump’s reign
-US lives on credit
-US imports from China account for only 19% of Chinese exports
China can manage without Trump’s shady, one-sided deals.
Trump’s pushiness is explained by the fact that overall the US is losing in world affairs. It is driven by desperation. Trump needs a deal with China a lot more than China does.
The US cannot effectively compete anymore. Its three biggest exports are printed dollars, banal entertainment, and fear. Hardly worthwhile commodities.
The various US tariffs on some countries and sanctions on others are a reflection of weakness, not some new-found courage or self-respect.
The world is now multi-polar. The US is no longer the strongest and wealthiest. Naturally, the US regime does not like this development. They whine and complain about it in their policy papers.
New partnerships are forming which don’t include the US or the dollar. Countries now have other options with who to do business, and where to procure goods and services. The US is no longer the preferred supplier of everything.
The OBOR (One Belt One Road), also know as the Silk Road, has been expanding Chinese business and trade all over the world. Chinese investments have been flooding the Mideast. This explains the recent US paranoia about Iran, which is just used as a convenient excuse to stare down China.
Trump’s tariffs will most of all hurt US consumers, because it will be them who will have to pay those tariffs, not China. Also, because of the higher prices on items due to the higher tariffs, the sales taxes will go up as well. So the US consumer will be hit in the pocket twice.
And this does not even factor in the retaliatory tariffs China will impose. So US farmers need to start looking for other means of livelihood, as China will most likely impose tariffs on goods which are actually produced within the US to cause the most pain.
None of this is going to work out for Trump. Tariffs are a cheap tactic to shake down other countries for money, but it will be the US consumers who will have to pay for it all at the end of the day.
If Trump truly wanted to hit China and other countries, he would do what he actually promised in his election campaign: bring manufacturing back to the US.
This has not been happening, and won’t happen. So all other measures are futile and will end up backfiring on the hapless Trump.
US businesses don’t want to bring back manufacturing to the US, even with tax holidays factored in. They would have to pay more for labor, and pay higher taxes. This would make their products expensive, especially within the US. And the average US worker does not earn enough to be able to afford large price increases.
Hopefully, Trump loses the next election. He should get his rear kicked hard, and be disgraced as a one-term fool. Not that anyone should look forward to whatever the democrats puke up. They are equally worthless.
But Trump deserves to lose after the nonsense he has done. Trump's deals are a rip-off for the other side. Not worth it. The US ultimately wants China to surrender control of its banking system to Wall St. and the US treasury dept.
If that happens, US power over Chinese banks will be (ab)used to sanction Russian gas projects and other deals. The US regime will cut China off from Russia. This is their main aim.
And it does no good for anyone in the US to accuse China of ‘stealing’ intellectual property and ideas. These are the same arguments the US peddled about Japan 30 or so years ago.
See the article below from 1989. Just replace the word Japan with China, and this article pretty much applies to 2019.
The same lame US accusations and whining, exactly 30 years later.
But neither the Japanese nor the Chinese ‘stole’ anything. They bought up US companies and patents, and made them their own versions. That’s how it works. Then they took those ideas and improved them.
If the US wants to crack down on patent infringement and stealing of ideas, it needs to put itself on trial first and foremost, because US copyright and patent infringement goes back a long time. The British used to have a hell of a time in the 19th century with US taking their inventions without paying royalties.
But China is never going to give the US more than it is comfortable with. And if the Chinese, who traditionally want to be accommodating, are pushing back this hard against Trump’s tariff tantrums, then the US side is definitely trying to force a bad deal down their throats. The Chinese can afford to weather this, but the US can’t
But in a way, Trump is actually doing the world a service. With his bad decisions and economic terrorism, he is doing a great job at turning people away from the US.
Maybe Trump is a Manchurian candidate, after all?
*Articles source of Scholastic News, February 10, 1989 ed. 5 'Japan' by Jeannette Sanderson.
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