Trump sees China as a wealthy country with many poor people, while China sees itself as a poor country with wealthy people.
Those so-called “allies” don’t realize how much they have been on the warpath against the U.S. all along. High time to set the record straight!
Why are Republicans siding with Trump’s trade war? Is it because they are dead-set against the European economic model which seeks social balance?
The U.S. President seems to have the upper hand – for now. He doesn’t realize how his trade actions will backfire at home.
The Trump administration places too much emphasis on reducing the trade deficit — and not enough on investing in future U.S. competitiveness.
The more the U.S. abstains from imposing new barriers to imports from the EU, the more may the EU support U.S. efforts to change Chinese trade and investment practices.
The world has recoiled from Trump’s unilateralism. But history tells us that good things can come from false starts.
History teaches that everyone suffers from trade wars, but the biggest pain is incurred by those who run the big surpluses once it starts.