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

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!

What happened?

Congressional Opposition

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.