Strangles in the Wild reposted
President Xi has time. President Trump doesn’t. One leads for life, the other has 18 months till midterms. That's one of the asymmetries shaping this tariff war. China’s playing the long game—stimulus for exporters, currency devaluation to historical lows, and no rush to…
Blanket tariffs had closed the loopholes that helped China emerge stronger from the first round of tariffs in 2018 - move up the value chain of manufacturing, delegate and build part of the production in Vietnam, Mexico etc and keep the bulk of the profits with the Chinese…
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