America is a capitalist democracy; China is communist dictatorship. You wouldn't know the difference by looking at the way their leaders conduct bilateral trade negotiations.
Cohn pointed out that the only time the trade deficit went down was in times of economic crisis, when Americans couldn’t afford to buy imported goods. “If you want our trade deficit to go down, we can make that happen,” Cohn exclaimed. “Let’s just blow up the economy!” In one ear, out the other. Trump wasn’t buying it, Woodward writes. When Cohn asked him why he was so convinced that trade deficits were bad, Trump said, “I just do. I’ve had these views for 30 years.” Little wonder that his own aides view Trump as an “idiot” and a “moron.” He doesn’t understand the first thing about international economics, and he isn’t interested in learning. But he doesn’t hesitate to make big, momentous decisions while blundering around in a fog of foolishness. https://www.washingtonpost.com/blogs/post-partisan/wp/2018/09/18/for-sheer-idiocy-its-hard-to-beat-trumps-crackdown-on-trade-with-china/
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timelets
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Date: 2019-05-11 11:39 pm (UTC)no subject
Date: 2019-05-12 04:55 am (UTC)Cohn pointed out that the only time the trade deficit went down was in times of economic crisis, when Americans couldn’t afford to buy imported goods. “If you want our trade deficit to go down, we can make that happen,” Cohn exclaimed. “Let’s just blow up the economy!”
In one ear, out the other. Trump wasn’t buying it, Woodward writes. When Cohn asked him why he was so convinced that trade deficits were bad, Trump said, “I just do. I’ve had these views for 30 years.”
Little wonder that his own aides view Trump as an “idiot” and a “moron.” He doesn’t understand the first thing about international economics, and he isn’t interested in learning. But he doesn’t hesitate to make big, momentous decisions while blundering around in a fog of foolishness.
https://www.washingtonpost.com/blogs/post-partisan/wp/2018/09/18/for-sheer-idiocy-its-hard-to-beat-trumps-crackdown-on-trade-with-china/
no subject
Date: 2019-05-12 05:19 am (UTC)