WINNING THE TRADE WAR WITH CHINA?

[endicom]

Power Line
John Hinderaker
Aug. 17, 2018

I have viewed it more as a trade skirmish, perhaps because I am looking at it from an American perspective. Don Surber says that it looks quite different from a Chinese point of view:

To find the news, I read the South China Morning Post, which is worried spitless that the Red Chinese economy will tank like its stock market has.

(Its stocks overall have declined in value by 40% in the last three years. Our stocks are up 33% since we elected Trump. In the eight years from Obama’s election to Trump’s, the Dow rose by 33%.)

The newspaper is running a series of columns by panicked investors and experts.

Aidan Yao is senior emerging Asia economist at AXA Investment Managers.

Yao wrote, “China needs to put its house in order as the trade war goes from bad to worse.”

He pointed out, “In contrast with the progress seen in United States-European Union negotiations, there are no signs of trade talks resuming between the US and China since the breakdown of negotiations in June.”

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