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On Trump’s Misguided Trade War with China

July 16th, 2019 4 comments

[This piece was initially published on global research.]

Trump started his trade war with China over a year ago.  After a year of escalations, two high-profile G20 meetings and months of on-off-on again negotiations, the trade war has the world tittering on the edge of a global recession.

In the run-up to last month’s G20 meeting, Trump had boasted that “it’s me right now that’s holding up” a deal with China.  Rejecting Beijing’s pleas for a “balanced” deal, Trump’s top trade advisor Lighthizer declared that any deal must involve China making up for its’ “past transgressions.” 1

The notion that the U.S. has long been the victim of unfair trade practices, especially at the hand of China, thus is no longer just election rhetoric, but the raison d’être of America’s trade war. 

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Notes:

  1. https://www.cnbc.com/2019/06/27/china-wants-balanced-trade-deal-at-summit-but-us-isnt-interested.html