Tuesday, July 31, 2018

Sorry



it's more of a unintended consequence than any sort of coherent attempt at effect.

"If you want to know the endgame in this China trade war, it is probably this: redirect supply chains to favor American manufacturers; pressure the Communist Party to open its mega domestic market to Americans with no strings (already happening pre-tariffs); and challenge Chinese dominance in Asia, a dominance many in Washington feel was ill-gotten, partly on the backs of intellectual property theft.

The jugular is the pallets of T-bills and dollars siting in the coffers of China's central and underground banks. If armed conflict breaks out over the south China sea? Who wins against Malaysia, Vietnam and other countries in Southeast Asia?

Again, it's not rocket surgery.


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