Trump really is the master of mis-direction. He’s got everyone focused on Russia, while he and his policy team are halfway down the path to war w China, both economic and military. The failure to point this out and resist the manipulation is where the media completely fails..
Trump really is the master of mis-direction.
He’s got everyone focused on Russia — while he and his policy team are already halfway down the path to war with China, both economic and military.
The failure to point this out and resist the manipulation is where the media completely fails.
That said, the New York Times is doing a very good job overall — altho the LA Times was way out in front of them on the “Tillerson wants to start war with China” story …
Anyway, there’s really not too much to say about this except you should read the whole thing …
It’s totally frightening … these people make Dick Cheney look emotionally compassionate and intellectually far-sighted …
Some few choice morsels … but read the whole thing …
When it comes to US domestic economic problems for which technology and bad policy choices are jointly responsible,
“Robert Lighthizer, Trump’s nominee for trade representative, has historically blamed US trading partners,
advocating aggressive retaliation for what he regards as widespread abuses of free-trade rules …
The choice of Lighthizer — and the trade tensions it underscores — leaves China in a difficult spot.
He is part of a group of Trump trade appointees with close links to exactly the kinds of metal-bashing old-economy industries in which China faces the greatest overcapacity,
and the toughest choices about how to close factories and lay off workers.
Restrictions on exports to the US will make those choices even harder for China …
The Chinese economy is slowing despite vast amounts of fiscal and monetary stimulus.
Big manufacturers in most industries are struggling with overcapacity,
pushing them to sell goods overseas at cut-rate, even money-losing prices, just to cover their operating costs …
China consistently sells $4 worth of goods to the United States for each $1 of imports.
That has produced a bilateral trade surplus for China equal to about 3 percent of the country’s entire economy, creating tens of millions of jobs.
The benefits to China from that surplus have been increasing rapidly in the past few years.
Many exporters have stopped importing components and switched to increasingly capable local suppliers for everything from high-quality steel to advanced computer chips.
Multinationals have moved entire supply chains to China, and transferred the technology to run them.”
And Trump and his moronic cronies want to destroy a relationship that benefits not only China but American corporations AND consumers, in the form of low prices ???
Even the attempt will — correctly — be seen as an act of war …
And when combined with Tillerson’s aggressive comments to the Senate yesterday… well …
BOOM !!! BOOM !!! BOOM !!!
Source: Trump’s Pick on Trade Could Put China in a Difficult Spot – The New York Times