Gordon G. Change, Daily Beast: Why China Will Lose a Trade War With Trump
Beijing can huff and puff, but America holds the high cards. Expect the Chinese to back down quickly—or watch their economy and political system fall apart.
“Let me assure those people who intend to fight a trade war,” Cui Tiankai, China’s ambassador to the U.S., told China Daily, Beijing’s official English-language newspaper. “We will certainly fight back. We will retaliate. If people want to play tough, we will play tough with them and see who will last longer.”
Most assume, as trade frictions intensify, that China will outlast the U.S.—yet it is America, because it runs persistent trade deficits and for other reasons, that will likely eventually prevail.
Read more ...
WNU Editor: The above author (Gordon G. Chang) has been predicting the doom of China for as long as I can remember .... but China is not only still here, but over the years it has gotten stronger. But on this issue he is right .... and we are starting to see China respond to President Trump's actions and threats .... China talks concessions after Trump's tough trade moves (Washington Times). But will this produce tangible results, and will China make real concessions .... as I had mentioned in a previous post .... I have my doubts.
