Clearly the only Chinese he ever studied in Chicago or at Harvard was the menu at the local take-out. They are already concerned that Washington is printing too much money and they've been assured that we are committed to free markets. They are historically sensitive to perceived insults from the West and the radical elements, both communist and nationalist, will leverage this action to hilt. And now he sticks a finger in their eye.
The Chinese are certain to retaliate and this is a war that can't be won. The Chinese don't necessarily have all the marbles but they do own most of them.
Trade wars cost jobs. Job loss is the opposite of what you want if you are trying to get out of an economic downturn.
He gives a great speech and sends tingles up the legs of the Main Stream Media but this is just plain dumb. Won't somebody up there please point this out to him?
Or are the Progressives in the White House just stuck on stupid?
Read more in the Financial Times.
A tip of the hat to my friend Jim for his take on this subject.
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