China Has a Choice to Make
China Has a Choice to Make
August 21, 2019 at 12:20 pm EDT By Taegan Goddard 38 Comments
https://politicalwire.com/2019/08/21/china-has-a-choice-to-make/
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David Von Drehle: “Whatever one thinks of Trump’s trade-war goals, his tactics appear to have left him at Xi’s mercy. The Chinese people — 60 percent of whom spend less than $10 a day — are far more accustomed to economic pain than Trump’s Americans, and they have no meaningful right to vote. So Xi can probably afford to absorb the economic pain necessary to push the trade war past Election Day. This would greatly increase the chance of a recession in 2020 and damage the American president’s chance of reelection.”
“On the other hand, Xi also has the power to make a few token concessions that would allow Trump to claim victory in the trade war. Markets would give a hearty cheer; Trump would crown himself the China slayer. But Xi might gain four more years of severe disruption in the West.”
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