Why did China agree to this Phase 1 deal? Especially when Trump is going through impeachment and it's only 11 months until the next election. They need cash badly. Sure, they have no intention of following any of the conditions, but it buys them time to figure something else out.GannonFan wrote:Well, that and the fact that JSO can't see that China, trade war or not, is not in some invincible position economically. They are already dealing with the negative impact of the state being the owner of so much in the economy that the inefficient parts of the economy don't get removed as they would in a more open system, they are already dealing with significant cuts in their economic growth when they are absolutely dependent on growing far faster than they are currently, they are already dealing with no longer being the low cost manufacturer of choice, as there are plenty of other developing countries that have already stolen significant business from China, and they are also dealing with the difficulty of still being vastly behind in terms of overall technological adoption in all parts of their country compared to most Western nations. There is no absolute certainty in any shape or form that China will be the dominant economic country in the years, or century, to come. I'm not sure there's even a moderate certainty of that. JSO's knowledge of economics is his weak spot - it's like Chizzy on things not related to Comcast.CID1990 wrote:
We have to resist the Chinese on multiple fronts. Tariffs are a part of that formula. Why you think we shouldn't be resisting China's aggressive predatory practices with every tool in the box just because of who the President is .... is beyond me
JSO thinks they are in a stronger position than the US.