China has denied U.S. President Donald Trump’s assertion that the two sides were involved in active negotiations over tariffs, saying that any suggestion of progress in this matter was as groundless as “trying to catch the wind.”
I’m not 100% sure about the economics of tariffs, but my interpretation is that the US are shooting themselves in the foot more than us. And if we can project an image of a stable level-headed trading partner and create good trade relations with India, China and countries in Africa and South America that might be more valuable in the long run than our US trade relations.
Basically, if US wants to hamper their own economy, let them. Meanwhile we’ll be Open For Business™ and picking up all the good stuff they left behind.
I’m not 100% sure about the economics of tariffs, but my interpretation is that the US are shooting themselves in the foot more than us. And if we can project an image of a stable level-headed trading partner and create good trade relations with India, China and countries in Africa and South America that might be more valuable in the long run than our US trade relations.
Basically, if US wants to hamper their own economy, let them. Meanwhile we’ll be Open For Business™ and picking up all the good stuff they left behind.