Fuck China

NN, Montag, 01. Februar 2021, 22:11 (vor 1390 Tagen) @ KdG

"Trade wars are good and easy to win"

Trump's trade war on China was a failure in every possible way

[...]

Driving the news: China isn't even close to fulfilling its end of the deal — having come up 42% short of its commitment, Chad Bown, a fellow at the Peterson Institute for International Economics, reported late last week.

The phase one deal was meant to be the Trump administration's reward for U.S. farmers, manufacturers and other business owners who had been bludgeoned by Trump's tax on American businesses via the trade war's tariffs.

What was supposed to happen: The trade war was billed as a plan to bring China to its knees by choking off the all-important American market with 25% tariffs on many imports that would rein in the U.S. trade deficit, boost American exports and slow China's rise as a global superpower.

https://www.axios.com/trump-trade-war-china-failure-6111a412-9458-438e-ab2f-a4b7481f89e...