Reuters
Christopher Whalen, National Interest: A (Trade) War with China is Inevitable
Beijing's trade tussle and brazen technology theft stunts are part of an overlooked war that has been going on for decades.
Five decades ago my father Richard Whalen published a book entitled Trade Warriors: The Guide to the Politics of Trade and Foreign Investment. Trade was a big deal in Washington in the 1970s, mostly focused on Japan. The resurgent Japanese economy and enormous flows on investment fueled by trade deficits were seen as a threat to American sovereignty. Many members of Congress, who were profiled in the book, had very specific concerns about trade, but the White House was generally the defender of free trade and capital flows that rebuilt the world after World War II.
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WNU Editor: Both sides are still trying to find common ground .... Last-ditch trade talks commence between the U.S. and China as Wall Street stems losses after Trump says President Xi Jinping wrote him a 'beautiful letter' (Daily Mail). As to what is my prediction on where are these talks heading .... it remains unchanged. The Chinese are not going to compromise, and will try to do what is necessary to delay the imposition of any more tariffs. Their goal right now is to make sure that President Trump does not win in 2020, and that his opponent will return U.S. - China trade back to the status quo.
