A U.S. flag is seen during a welcoming ceremony in Beijing, China, November 9, 2017. REUTERS/Thomas Peter
WNU Editor: It looks like the Chinese are changing their tone on their trade war with the U.S. .... from issuing threats of retaliation to now crying to the world that the U.S. is being a bully .... China says US swinging ‘big stick’ of unfair trade tactics (AP). I guess they did the math, and realized that their trade surpluses with the U.S. are not only at risk, but U.S. companies are now seriously contemplating pulling back from investing in China and establishing joint ventures. If I was advising the Chinese government right now, I would be saying them that their threats are not working, and their policy of delay-delay-and delay have reached its limit with this U.S. administration. That while it may have worked in the past .... it is not now, and that a new approach is needed. The problem that I can easily predict is that the Chinese are very stubborn when it comes to changing their economic policy on a dime, and when it is going to hurt them .... doubly so. President Xi needs to intervene, and to use the authority of his office to push for a compromise with the U.S.. But I suspect that when he finally does that, the $200 billion tariff threat that President Trump made a few days ago .... will have already been implemented.
