Trade

Trump to Use His Reverse Midas Touch on Trade Talks

JM Ashby
Written by JM Ashby

Trump's tariffs on over $200 billion in goods from China will automatically increase from 10 to 25 percent on March 1st if a deal isn't reached before then and Trump himself may make a deal far less likely.

Rather than give his underlings the space they need to pull a rabbit out of a hat, Trump says he will personally handle the finishing touches during a meeting with Chinese President Xi Jinping.

“No final deal will be made until my friend President Xi, and I, meet in the near future to discuss and agree on some of the long standing and more difficult points.”

Chinese trade negotiators proposed a meeting between Trump and Xi in China next month, the Wall Street Journal reported. The White House did not immediately comment on the report or say when the meeting would take place. [...]

Details of closed-door talks were scant with official statements seen as unlikely before they conclude on Thursday. A spokeswoman for the trade representative’s office declined comment on the discussions.

I've often compared talks with China to the Trump regime's talks with Mexico and Canada, but we now have a key difference.

During the final days of negotiations concerning the North American Free Trade Agreement (NAFTA), Trump regime officials were more or less allowed to do their jobs and produce at least something before congressional authorization for talks expired.

Now, if Trump is to be believed, he will personally oversee final talks with China.

Chinese President Xi Jinping may be a lot of things, but he's not stupid or at least not in the way Trump is profoundly stupid. Jinping actually understands the way the global economy and his own economy works whereas Trump doesn't even really know how a tariff works.

This won't be a meeting of the minds so much as a meeting of one mind and one sea cucumber.

  • muselet

    Rather than give his underlings the space they need to pull a rabbit out of a hat, Trump says he will personally handle the finishing touches during a meeting with Chinese President Xi Jinping.

    Oh, lordy. We’ll be lucky if Donald Trump doesn’t negotiate his way to a permanent trade war with China.

    –alopecia

    • katanahamon

      Lucky would be avoiding a nuclear conflict..

      • muselet

        Well, yes, but I think the Chinese are too sane to get involved in one. Not over trade.

        Donald Trump, on the other hand …

        –alopecia

  • katanahamon

    Sea cucumbers have begun marching (perhaps swimming) in protest at being compared to Rump.

    • muselet

      Barry Popik:

      Cantonese cuisine (from the Guangdong Province in southern China) has been joked about by northern Chinese for the Cantonese variety that seemingly includes every living thing. The French writer Simone de Beauvoir—reporting on her tour of China in the summer of 1955—wrote in The Long March (1958): “‘Oh, yes,’ the poet Ai Ts’ing told me one evening at table, ‘we eat everything: everything on four legs except the table; and except for our friends and relations, everything on two.’”

      Similar sort of joke, just native-born.

      –alopecia