Loading ...If Xi is weaker then, as is always the case with dictators, there will be people watching to make a move on him, justifying it in this case by blaming the trade war on him (only internally, of course). The danger is that he will do something dramatic to direct attention away from a potential coup – Taiwan is the obvious choice. Wrt trade, America will be hurting in some areas where they aren’t getting the goods. Maybe Xi thinks he can stare down Trump to a certain extent? Immovable object, irresistible force. I see that Europe is already closely monitoring imports to make sure China isn’t dumping excess capacity on them. I wonder how ready America is to defend Taiwan, after all its arms and ammo gifts to Ukraine and the Houthis (unwanted gifts in their case!)?
Interesting comments on Schiff. But if Trump has shafted Soros on a Big Short – I will be grinning for weeks!
A lot we don’t know, certainly. There is also stuff they don’t know too, in terms of each others reactions to the threats, what they can, and will do, in other words psychological unknowns, and then the unintended consequences. Like bond prices …. strikes me that gold actually knows a lot of this stuff which is why it’s so strong.