One thing came through loud and clear in President Trump's press conference Wednesday with European Commission President Jean-Claude Juncker.
When they announced an alliance against third parties' "Unfair trading practices," they didn't even have to mention China by name for listeners to know who their target was.
Cooperation between the U.S. and EU will squeeze China's protectionist model, and even before this agreement, there's been evidence that China is already running up the white flag.
The U.S. will win the trade war with China in the same way. The PBOC’s statements show that the Chinese understand they are too vulnerable to take very many more drinks. The only question is what they will be willing to offer Mr. Trump to get him to take yes for an answer. No wonder Beijing has ordered its state-influenced media to stop demonizing Mr. Trump—officials are desperate to minimize the pain when President Xi Jinping has to cut the inevitable deal.
https://www.wsj.com/articles/china-is-losing-the-trade-war-with-trump-1532729725
When they announced an alliance against third parties' "Unfair trading practices," they didn't even have to mention China by name for listeners to know who their target was.
Cooperation between the U.S. and EU will squeeze China's protectionist model, and even before this agreement, there's been evidence that China is already running up the white flag.
The U.S. will win the trade war with China in the same way. The PBOC’s statements show that the Chinese understand they are too vulnerable to take very many more drinks. The only question is what they will be willing to offer Mr. Trump to get him to take yes for an answer. No wonder Beijing has ordered its state-influenced media to stop demonizing Mr. Trump—officials are desperate to minimize the pain when President Xi Jinping has to cut the inevitable deal.
https://www.wsj.com/articles/china-is-losing-the-trade-war-with-trump-1532729725
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