Almost from the moment he stepped into the White House, Donald Trump has been conducting trade negotiations with China. Unsuccessful trade negotiations with China. Trade negotiations with China that have gone so badly that they’ve disintegrated into a trade war in which Trump has slapped on an increasing series of tariffs in order to prove his personal theory—a theory held by no one else anywhere—that tariffs are a good thing and trade wars are beneficial. However, the Trump-shy stock market and recession-worried nation can just relax, because none of that was serious. Now, says Trump, now “serious negotiations can begin.” Well, not actually now. But “soon.”
As the AP reports, Trump claimed during a Monday interview at the G-7 that his team of trade negotiators had received a pair of “very good calls” from their Chinese counterparts over the weekend. Those calls, said Trump, indicated that the two sides finally understood each other and are “dealing on proper terms.” All this means that “we’re finally going to have a deal.”
Which is nice. Except … China says it’s BS. Minutes after Trump spoke, China’s Foreign Ministry spokesman joined other officials in saying that there were no calls, that they didn’t know what Trump was talking about, and that China was ready to “protect itself” and continue this trade war to it’s bitter, recessionary end.
View the complete August 26 article by Mark Sumner from Daily Kos on the AlterNet website here.