One thought on “Republican Happy Warriors

  1. Invisible hand says:

    “Everyone has forgotten about why Donald Trump can’t win a trade war with China” https://www.businessinsider.com/trumps-obsession-with-trade-deficits-make-a-trade-deal-impossible-2019-9
    “In all the chaos of markets convulsing and tariffs rising, it’s been easy to forget the main objectives of the US’s trade war with China.
    And in doing so, it’s easy to forget that those objectives are at odds with one another.
    On one hand you have United States Trade Representative Robert Lighthizer and his stated aim of turning China into a market-based economy. On the other hand you have Donald Trump, a populist obsessed with forcing China to buy more goods — a market distorting demand.
    This inconsistency has seriously hurt negotiations, and contributed to putting China in a position where it cannot simply lose to Donald Trump. Under these conditions a stalemate is the best we hope for.”

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