Most of all, it is crystal clear that all Trump has done -- is return to the status quo ante -- in/with China. He's simply agreeing to mitigate the damage (cutting off US access to China-sourced rare-earth minerals, no less!) HE HIMSELF chose to inflict on American tech industries. Damnation. The NYT said it best, on Sunday, last -- do go read it all:
. . . .The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing. . . .
Trump administration officials have hailed the makings of a potential trade deal that could have China buy American soybeans and pause the introduction of its new licensing system on rare earth minerals, while the United States pauses or removes some of its tariffs.
It remains to be seen what might be agreed when President Trump meets the Chinese leader Xi Jinping this week. But those and the other measures that U.S. officials have mentioned appear to largely restore the relationship to a status quo from earlier this year, before Mr. Trump began his latest trade war with Beijing.
The United States and China have shown their willingness to repeatedly escalate trade tensions and hurt companies that do business across the Pacific, before walking back measures and striking a truce. But the truces have quickly crumbled, calling into question how durable a new agreement would be. . . .
What a putz this jamoke is. Damn. Just. . . damn. On this score, St. Ronnie was and is. . . right: Trump is a malignant dunce on the world trade stage.
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