The long and short of the US-China Fiistivigffs is that no trade barriers come down, and no new trade openings emerge. China has gone so far as to impose export controls on exotic and other global items. And of course, the US has to go back. Scott Besslent is right, China is a command and control economy, and our partners will not fight back or be controlled.
Rare global agreements were struck at various meetings in London, Geneva, Madrid, but China broke the deals. Just as they violated the agreement of the first trade agreement signed in January 2020. They left. Maybe the sales department is going rogue. Maybe XI is going rogue. Who knows. But China going rogue will hurt them more than it will hurt you. It’s their mining economy, and we’re the biggest consumer force they need the most.
Now China is losing friends if they had any. Australia is aggressive towards China. Japan. The EU. And of course, the US Mr. Trump will slap heavy tariffs on November 1, unless China comes. The US must go back.
Ubumba Travis and Clay Sexton show President Donald Trump economic relations with China in Kudlow. ‘
I still think that it is possible that China is throwing a tantrum of flame because they have been badly beaten in the Middle East by the historical President Trump, Another defeat may be there when Mr. Trump is focused on ending the Russia-Ukraine war. China is backing the wrong horse there.
At the same time, the US Senate wants to hit 500% of the prices in China for the purchase of Russian oil. 100% will do fine. Once again, supporting China is the wrong horse. By the way, at a price of 50%, India has stopped buying Russian oil.
Chinese Trade Peesulence is much greater than in the foreign world. They and their bric allies have been buying huge amounts of gold for the last decade, while they have reduced their USRE DOLLAR BANDRISIS Horesters by about 50%. What are they doing? Yes, they are working overtime to reduce the world reserve position of the US dollar.
So, here is President Trump’s response to that: “I love the dollar. I’m very strong in the dollar. And anyone who wants to deal with dollars, they have more profit than people who want to be brics.”
Rep. Jim Jordan, R-Ohio, says President Donald Trump’s trade agenda is sending a strong message to the world and is discussing a government shutdown in ‘Kudlow.’
It’s pure and simple. Mr. Trump is right. The Brics and China are attacking the dollar. More powerful behavior.
Therefore, the most prudent course now would be a meeting at the APEC summit in South Korea between Mr. Xi and Mr. Trump. Maybe then we can go back to lowering trade barriers and improving prosperity. But if China insists on playing the petulant brat as they continue to lose global political and economic influence, then so be it. Count Donald Trump against China’s bad behavior. They followed the wrong guy.
