Quote Originally Posted by nsacpi View Post
There is no doubt that China is more vulnerable to a tariff war than the U.S. And we are now seeing evidence of that. But the whole idea of winning a trade war is problematic. The "winning" side ends up being dragged down.

The right way to look at it is that trade is a win-win proposition for the most part. And trade wars are lose-lose. We need to be firm in areas (like protection of property rights) where China is a bad actor. But this tariff war approach is looking more and more counterproductive. And could trigger a global downturn.
This is exactly right. China has a greater incentive to come to the table, but in the meantime we see companies like Apple that do enormous business in China that are getting pummeled and now the Dow is down 500 points.

Trump is washing out the only accomplishments he’s made with this silly approach to foreign policy and trade.