Chinese Presidnet Xi.Reuters
Gordon G. Chang, National Interest: Trump Has Already Won the ‘Trade War’
American companies are now starting to understand that, deal or no deal, the friction between Washington and Beijing will continue.
n Sunday, the Communist Party’s most important journal expounded on Sino-U.S. relations in advance of the anticipated meeting between President Donald Trump and Chinese ruler Xi Jinping at the end of this month at the Osaka G-20.
A thirteen-thousand-character essay in Qiushi—Seeking Truth—stated that China wants a “win-win agreement” but is prepared to “resolutely struggle to the end.”
Beijing has yet to confirm that Xi will meet Trump in Japan.
Trump has said “it doesn’t matter” whether the two of them sit down, and he is right. As a practical matter, he has already won the so-called “trade war.” Trump prevailed by convincing the world’s manufacturers that they must leave China.
In one sense, the importance of the planned talks is hard to overestimate. As the Washington Post’s editorial board stated in an editorial Saturday, “The United States and China are at a hinge point in the most important bilateral relationship of the 21st century.”
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WNU Editor: Gordon G. Chang's analysis is spot on. Supply chains are now looking for alternative locations that are more stable and dependable than China, and as a result this trade war is only going to further the deindustrializae China. What also strikes me about this entire story has been China's unwillingness to compromise and/or keep to their past promises on addressing its massive trade surplus with the U.S.. The golden rule in business is that you never make your number one customer angry with you. The U.S. has been (and still is) China's number one customer for its exports, but China is going out of its way to antagonize this customer, even declaring a people's war against the U.S.. Talk about being arrogant and short-sighted.
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