3 ms·
Calling Trump's bluff is rarely an unwise move. China was similarly unmoved by the threats America made. Europe was moved and they got an absolutely horrible
by pydry 1y ago
Calling Trump's bluff is rarely an unwise move.
China was similarly unmoved by the threats America made.
Europe was moved and they got an absolutely horrible trade deal.
- watwut 1y agoMeh, they made empty promises that dont require them to change pretty much anything.
- nailer 1y agoChina simply imports less from the US - about a fifth of what it imports - so yes the US has the upper hand here.
- pydry 1y agoThe US exports very little to China, most of which is easily substitutable (e.g. soybeans, corn, oil) and imports a lot, most of which isnt substitutable (e.g. electronics). The substituability story was different ~5-10 years ago and a lot of Americans havent noticed yet that China is now just as good at building wide body airplanes and chips. No prizes for guessing who has the upper hand in negotiations.
- bamboozled 1y agoThis is the problem in my opinion, if you've grown up believing only the US can do amazing things, then maybe you need a firmware update because that's no longer the world we live in.