While China’s draconian control over its populace is distasteful, it puts them at an advantage in this trade war.
They know they’d only need to starve us out till 2020. Their death-grip on political dissent, and their control of internal market forces, allow them to just sit there and eat the damage for much, much longer than us. Sure, there may be economic contractions in the long run, but that’ll be nothing compared to a horde of pissed off US farmers, contractors, and industrialists. Trump will throw a few bones there way will bailouts, but with Congress holding the purse-strings that will only be of limited help. Especially if Dem’s get savvy and beat him to the punch, branding any bailouts as them stepping in where Trump is failing them. Warren’s townhall in Trump country proves that it’s a message that can resonate.
Meanwhile, China just has to sit there and not budge. Once produces and retailers start raising prices on common goods, and farmers start losing entire harvests, dissent will grow.
Couple this with rising oil prices from the Iran debacle, and a possible trade war with the EU, and you’ve got a recipe for an economic crunch.
The Healthcare and Abortion fights are two battles the Republicans don’t want to get involved with. They want the message to be on the economy. Trump is making that very difficult.
I said a few months back that no single big event would end Trump’s presidency. What we would see is death by 1000 stupid cuts. And this trade war might be one of the cuts that hits an artery.