Trump is a paper tiger!
All of the pain & heartache he caused for farmers, for what?
and the pressure he put on American consumers...
The Finance 202: Trump team drops push for key economic reform from Chinese
Prospects have faded badly for a U.S.-China trade deal that forces serious structural changes from Beijing.
Chances have all but disappeared for an agreement that backs the Chinese off anticompetitive subsidies they use to prop up favored industries, China watchers say.
That’s in part because after talks between the two sides blew up in May, their scope narrowed, says Derek Scissors, a China scholar at the American Enterprise Institute and White House whisperer on trade.
“We had all this stuff about how we wouldn’t take a partial deal. Of course that’s what we took,” Scissors tells me, referring to the mini-deal Trump has pitched as a major achievement. President Trump, he says, remains fixated on the bilateral trade imbalance and compelling the Chinese to increase their purchases of American farm products.
Backing off demands that the Chinese change their approach to subsidies demonstrates how far the Trump administration has drifted from its intent in launching the trade war, Chad Brown of the Peterson Institute for International Economics and Jennifer Hillman of the Council on Foreign relations say.
“There is little hope of easing US-China tensions if that issue remains unresolved,” they write in a new piece. Yet “not once during his meandering, 40-minute Oval Office ‘lovefest’ with China [earlier this month] did Trump or any other administration official mention how his deal would tackle the Chinese subsidies that were the impetus for launching this trade war in the first place. Trump’s silence was deafening.”
more:
http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2019/10/24/the-finance-202-trump-team-drops-push-for-key-economic-reform-from-chinese/5db0f95688e0fa5ad928da2c/
DO SOMETHING!
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