Xi Defiance Pays Off as Trump Meets Most Chinese Trade Demands. (Bloomberg)
The ‘Art of the Deal,’ but the Chinese version. Seems that XI called Trump’s bluff, saw Trump’s buffoonery, and handed Trump a bunch of Chinese-made baloney. Imagine if anyone within the United States Congress had the same kind of balls, and backbone as Xi, imagine how much more Democracy could survive, how much less Fascism could thrive, and how little Dictatorship Trump could commit.
The deal ended up meeting nearly all of Beijing’s core demands. The elevated “reciprocal” tariff for China, which Trump set at 34% on April 2, has been suspended — leaving America’s top rival with the same 10% rate that applies to the UK, a longtime ally. (Bloomberg)
The ‘Art of the Deal,’ but the Chinese version. Trump huffed and puffed but unlike the wolf it was China who blew down the American house.
“This is arguably the best outcome that China could have hoped for — the US backed down,” said Trey McArver, co-founder of research firm Trivium China. “Going forward, this will make the Chinese side confident that they have leverage over the US in any negotiations.” (Bloomberg)
Trade truce with China is hailed, but it may not be enough to stop shortages. (LA Times)
But the great FRAUDSTER is out and about declaring some kind of victory, even though he was and remains the greatest casualty of this war, A war which he invented and fired the first shot. Be afraid, America, be very afraid!
