Top Officials And Intellectuals In China Are “awed’ By President Donald Trump’s “skill As A Strategist And Tactician,” According To Co-founder And Director Of The European Council On Foreign Relations Mark Leonard.
Writing in the Financial Times, Leonard reports that on a recent trip to China many of those he spoke to said “that Mr Trump is the US first president for more than 40 years to bash China on three fronts simultaneously: trade, military and ideology.”
From the FT: They think Mr Trump feels he is presiding over the relative decline of his great nation. It is not that the current order does not benefit the US. The problem is that it benefits others more in relative terms. To make things worse the US is investing billions of dollars and a fair amount of blood in supporting the very alliances and international institutions that are constraining America and facilitating China’s rise.
In Chinese eyes, Mr Trump’s response is a form of “creative destruction”. He is systematically destroying the existing institutions — from the World Trade Organization and the North American Free Trade Agreement to Nato and the Iran nuclear deal — as a first step towards renegotiating the world order on terms more favourable to Washington. Once the order is destroyed, the Chinese elite believes, Mr Trump will move to stage two: renegotiating America’s relationship with other powers. Because the US is still the most powerful country in the world, it will be able to negotiate with other countries from a position of strength if it deals with them one at a time rather than through multilateral institutions that empower the weak at the expense of the strong. – READ MORE
[divider][/divider]President Donald Trump went after China for being “vicious” to the United States on trade issues in a tweet storm Wednesday.
Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking? Are we just going to continue and let our farmers and country get ripped off? Lost $817 Billion on Trade last year. No weakness!
— Donald J. Trump (@realDonaldTrump) July 25, 2018
When you have people snipping at your heels during a negotiation, it will only take longer to make a deal, and the deal will never be as good as it could have been with unity. Negotiations are going really well, be cool. The end result will be worth it!
— Donald J. Trump (@realDonaldTrump) July 25, 2018
China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. We were being nice – until now! China made $517 Billion on us last year.
— Donald J. Trump (@realDonaldTrump) July 25, 2018
Trump has long been clear about how he feels on trade issues. On Tuesday, he tweeted, “Tariffs are the greatest!” adding, “Remember, we are the ‘piggy bank’ that’s being robbed. All will be Great!” – READ MORE
[divider][/divider]President Donald Trump revealed in an interview aired Friday that he is “ready” to put tariffs on every Chinese good coming into the U.S. if necessary.
“I’m ready to go to 500,” Trump told CNBC’s Joe Kernen in a “Squawk Box” interview. “I’m not doing this for politics, I’m doing this to do the right thing for our country. We have been ripped off by China for a long time.”
He stressed that while he bears no ill will toward China or its leadership, he is determined to address China’s unfair trading practices.
The president was referring to the roughly $500 billion worth of Chinese products exported to the U.S. each year.
Were he to take such an action, it would dramatically escalate the slowly intensifying trade spat between Washington and Beijing. – READ MORE
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