Donald Trump thinks trade is a zero-sum game. Xi Jinping appears happy to wait for the trade war to backfire on the US president.
China is threatening to land a knockout blow in its trade war with Donald Trump,targeting a vulnerability in the United States’ most crucial military infrastructure with a strike that was decades in the making.
First came the AI-generated videos depicting Americans working in sweatshops. Since then,it’s been open slather,gifting Beijing a PR win.
Beijing says it will firmly oppose such deals and would “take countermeasures in a resolute and reciprocal manner”.
Acquiring nuclear weapons would take Australia down a costly,contentious and perilous path. But with Trump in the White House,we must not be naive to the dangers we face.
No Pope has set foot in China,but Francis wants that to change. Critics say the cost of doing deals with Beijing has already been too high.
At least one Chinese airline could be halting deliveries due to US tariffs.
The US president says he doesn’t want to go higher and may want to go lower “because at a certain point you make it where people don’t buy”.
Beijing is hardly likely to roll over given its financial and global trading strength.
Given the moveable feast that is Donald Trump’s trade policy,it is impossible to determine if the world is in for a short-lived shock or a case of long COVID.