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The off ramp is some "deal" that Trump can take credit for, even if it's bullshit. China doesn't seem to want to play that game this time, though.
by Trasmatta 2y ago
The off ramp is some "deal" that Trump can take credit for, even if it's bullshit. China doesn't seem to want to play that game this time, though.
- acdha 2y agoXi cannot afford to look weak, but also doesn’t need to worry about the next election and has a couple hundred other countries to trade with. I think they’re making the fairly rational decision that appeasement will lead to future attempts and are betting that Wall Street has enough influence with Republicans in Congress that they’ll stop delegating tariff powers to the executive branch. You only need a handful of them to break ranks to make this end, so it’s not a bad bet.
- Trasmatta 2y agoIt's highly unlikely that enough Republicans will break to form a veto proof majority in Congress. MAGAs grip on the party is too strong. It's literally a cult.
- acdha 2y agoIt’s not easy, but there’s enough money on the line that I would expect it here rather than anywhere else, and the longer it goes on the more Republicans in Congress are going to be afraid of affirmatively voting to continue it. Right now they’re acting like bystanders but if a few people are willing to let a bill ending the proclaimed emergency out of committee, they’re forced to own the damage.