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Sunday, March 3, 2024

How Trump Lost His Trade War

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President Trump walked away from his stated goals to make his China trade deal. Trade wars rarely have victors. They do, however, sometimes have losers. And Donald Trump has definitely turned out to be a loser.

Of course, that’s not the way he and his team are portraying the tentative deal they’ve struck with China, which they’re claiming as a triumph. The reality is that the Trump administration achieved almost none of its goals; it has basically declared victory while going into headlong retreat.

And the Chinese know it. As The Times reports , Chinese officials are “jubilant and even incredulous” at the success of their hard-line negotiating strategy.

To understand what just went down, you need to ask what Trump and company were trying to accomplish with their tariffs, and how that compares with what really happened.

This post is curated. All content belongs to original poster at www-nytimes-com.cdn.ampproject.org


President Trump walked away from his stated goals to make his China trade deal.
President Trump walked away from his stated goals to make his China trade deal.

Trade wars rarely have victors. They do, however, sometimes have losers. And Donald Trump has definitely turned out to be a loser.

Of course, that’s not the way he and his team are portraying the tentative deal they’ve struck with China, which they’re claiming as a triumph. The reality is that the Trump administration achieved almost none of its goals; it has basically declared victory while going into headlong retreat.

And the Chinese know it. As The Times reports, Chinese officials are “jubilant and even incredulous” at the success of their hard-line negotiating strategy.

To understand what just went down, you need to ask what Trump and company were trying to accomplish with their tariffs, and how that compares with what really happened.

Faruq Hunter
Faruq Hunterhttp://www.freedomnation.me
Faruq Hunter is the founder of the Freedom Nation, an aspiring real-estate community development company providing development, financial tools, programs and services to streamline the development of environments of peace and prosperity for underserved communities on a global scale, Uniquely, the company is dedicated to embodying practices of fairness, equality, transparency and communal involvement as a part of its everyday operations and cultural DNA.

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