Curious about what is exactly going on in the Trade War but felt intimidated by the scope? Read this Fortune article

[mutantmagnet]

Trump's Tariffs Were Supposed to Ding China, But the U.S. Economy Is Getting Hit 2.5x Harder

The 'deadweight' costs of Trump's one-size-fits-all tariff approach is exacting a huge toll on the U.S. economy.

fortune.com

I doubt you're going to find a better fairly detailed summary of the direct interactions of the US and China without going into the weeds of how other countries are affected by this trade war and how their reactions affect both countries.

 

[Blue Skies]

Thanks will read later

 

[SwampBastard]

Thanks for sharing, that was a great article. No one should be surprised how much better China is handling this than the idiot in the White House.

 

[Futureman]

that his that his that his that his

It's mind boggling to me that he eve has a shred of a chance of being reelected.

 

[Bony Manifesto]

Very interesting. I always thought that even Trump would be able to brute-force China into backing down eventually simply because the US is by far the bigger economy, but it sounds like the scale of Trump's mismanagement means China can realistically win this war of attrition, which is insane.

 

[djplaeskool]

Really good and informative article.
Also, I think there was a recent deep dive on NPR/APM Marketplace that took time-scale into consideration, figuring how much each entity could sort of torque the numbers comfortably.
Trump may be gone in a year. Xi Jinping is essentially President for life.
China doesn't need to move so dramatically to, as noted above this post, win a war of attrition.
Hell, in less than a year the Trump Administration has has dumped half the value of the 6-year long auto bailout into the MFP (USDA Market Facilitation Program / Farm subsidy). In dollars and cents, China is kicking our ass.

 

[Kmonk]

A government following a detailed plan from an army of skilled economists outmaneuvers one man following his gut. Who would have thought?

Sarcasm aside I found the article extremely helpful and informative. Thanks for posting, OP.

 

[ethranes]

Great quote from the article that sums up the situation between the countries;

"England had the industrial revolution. The French just talked. They had the verbal revolution."

Trump is claiming a rhetorical triumph, while China wages a rout.

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