Yet Another Trump Trade Shuffle (Flip-Flop Arguably a Better Word)

Mike Mish Shedlock

Under pressure from Congress, Trump reversed on China ZTE sanctions.

Trump's trade policy is like a page from French president Emmanuel Macron.

It's neither here nor there, nor anywhere.

Yesterday, both China and the US touted a trade deal with China. This followed a bizarre Tweet from Trump that showed Trump's concern for loss of jobs, not in the US, but China.

In response, China lifted tariffs and so did the US. I commented on the "progress" in ZTE Back From the Dead After Trump Reverses Sanctions.

Also Note These "About Face" Articles

Whoa! Stop the Presses!

Today we see Trump Denies Reaching Deal With China on ZTE.

What happened?

Congressional Opposition

The Wall Street Journal reports Congressional Opposition Mounts Over White House Approach to Chinese Tech Deals.

The Hill reports Senate panel overwhelmingly approves amendment blocking Trump on ZTE.

Who Cares What Anyone Thinks?

The man who did not give a rat's ass about what anyone in either party thought now suddenly cares.

It's been a pathetic scene to watch. I commented on that aspect yesterday in Trump Shuffle: China Runs Rings Around Trump's Trade Policy by Standing in Place.

At the time it looked like this.

Reflections on Trust

Today we see that widely proclaimed "success" has been canceled thanks to political opposition.

Any foreign government that believes they can trust Trump is as foolish as any government that believes they can trust China.

Mike "Mish" Shedlock

Comments (14)
No. 1-14
Tengen
Tengen

Getting the impression that the overall strategy of the Trump admin is to permanently keep focus overseas to the greatest extent possible. Whether jawboning for actual war (North Korea, Syria, Iran, Yemen, etc) or trade wars, make a lot of noise and draw attention. Flip flops are fine, maybe even desirable, as long as discussion is locked on international matters. Whether any of this bluster comes to fruition or not seems almost inconsequential.

Long gone are the days of MAGA, build the wall, lock her up, drain the swamp, and the rest of the '16 slogans.

truthseeker
truthseeker

Still Mish with everything Trump has done wrong and keeps doing wrong, and he makes himself such an easy target, the country is falling apart at a dramatically slower rate than with Hillary. Economically, politically, culturally and spiritually we r sliding away from the greatest country in world history which I grew up in. When people realize that the Democrats might really take back the House and Impeach Trump, that might b the catylist for the bears to take control yet if a really scary situation in these vastly leveraged markets gets out of control and world banks can’t open we could see the house make sure Trump stays put with pressure on the Senate vote~a lot of crazy speculation on my part.

Realist
Realist

Truth seeker says “Still Mish with everything Trump has done wrong and keeps doing wrong, and he makes himself such an easy target, the country is falling apart at a dramatically slower rate than with Hillary. Economically, politically, culturally and spiritually we r sliding away from the greatest country in world history which I grew up in.”
As a foreign observer, I agree that there are some serious problems in the US. One of the most obvious is that Democrats and Republicans (and their supporters) are so divided and opposed to each other, that they would rather see the country crumble, than work together to build it up. Success becomes “the country falling apart more slowly”!
Trump supporters incredulously believe that he is doing a good job, while the rest of the world sees him for what he is – inconsistent, incompetent, dangerous. But heck, he must be better than Hilary, right?
What a gong show.
By the way Mish, I completely agree with your statement “Any foreign government that believes they can trust Trump is as foolish as any government that believes they can trust China.”

KidHorn
KidHorn

Trump is an idiot. I voted for him and would do so again. I would rather have an idiot president than an evil one. My hope is things get so messed up that the status quo is permanently broken. My fear is the democrats get back in control, crack down on free speech in the guise of protection from fake news, and make sure the only info people get is from mainstream media. Similar to Fahrenheit 451.

Realist
Realist

To kidhorn and Morris; too bad you didn’t have a better choice. I fear that no one will trust the US to keep their word in the future. As kidhorn said, you are sliding away from being a great country. How ironic that one of Trump’s favourite slogans was “Make America great again.”

Ambrose_Bierce
Ambrose_Bierce

Bad management seen it a hundred times, Boss says everyone has to work half a day on Saturday. Then the line of complainers outside the bosses office, okay okay you don't have to, and you don't have to, and then the rest get stuck. Boss says sorry I already let half the office out of working Saturdays that leaves only the rest of you to do the work. Fire Trump

Ambrose_Bierce
Ambrose_Bierce

Good will constrain Evil, but stupid nobody can fix

AWC
AWC

Meh, things are pretty much as they have always been in the world of politics. It’s just that, now, with myriad sources of information at our disposal, we are more informed about it all. I’m sure .gov misses the days when only three networks and a couple newspaper syndicates controlled all “news.” All it needed to do was control them.

AWC
AWC

In general, life is pretty damned good these days. Matter of fact, we live a higher standard than kings did in days of old.

Carl_R
Carl_R

[Trump's] .. but a walking shadow, a poor player that struts and frets his hour upon the stage and then is heard no more: [he is] ... an idiot, full of sound and fury, Signifying nothing.

Kinuachdrach
Kinuachdrach

Has no-one here ever been involved in a real-world negotiation? Do people really think that things move in a straight line and reach a "Buy The World A Coke" happy outcome within the 55 minutes of a TV program? Goodness! If Winston Churchill had been reading this blog, he would have been told to surrender to Germany even before Dunkirk!

Relax everyone! Events are in line with what should be expected when the US finally has a leader who stops bending over and grabbing ankles in front of a mercantilist China.

truthseeker
truthseeker

Good will constrain Evil~Hillary~but stupid~Trump~nobody can fix. I pretty much agree with this statement, but where is the good? If a group of of Democrats and Republicans came up with real plan to solve our problems, especially the debt problem, would never pass as the necessary sacrifices would never be accepted since we are so divided.


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