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Originally Posted by Castle2.0
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Sorry, Joe sold us out to China. He is weak on China. For 8 years they had no plan to deal with China - can't deal with another 2.0.
Trump is bad on so many levels, but at least he is taking the right approach on China that prior admins and other countries (Germany!) haven't done.
Let's not even get into Hunter, yikes.
Source: 10+ years living in China, fluent Mandarin speaker, reads up on current events and economics
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I'm not familiar enough with economics, but this seems well researched and thought out:
https://www.piie.com/blogs/trade-and...ed-enterprises
Essentially:
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By signing a deal that left in place Chinese tariffs on tens of billions of dollars of American exports, Trump has relegated to the sidelines the buyers who determine nearly 75 percent of Chinese purchases of imported goods.
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To summarize, the article goes on to explain that China might not reasonably be able to meet the trade agreement goal because the primary importers of our goods still have those tariffs in place, disincentivizing them from doing so. This would lead to China pushing their state-owned enterprises to pick up the slack, which makes their economy more state-owned which is potentially its own problem (apparently, again, genuinely ignorant of this sort of thing).
They suspect this may be a problem though because China's SOE's don't really import the goods we're exporting very much, the private sector does.
It's unclear to me though, what happens if China can't actually meet the agreement due to those conditions? Does anyone know if there's some language in the agreement that holds them accountable somehow if they can't?
Also, if someone could clarify, what are people's concerns about China's economy becoming more state driven than it already is?