I’ve been saying this for more than a year. China is likely to wait until the 2020 elections, or perhaps 2024, to cut a deal with America. Why ink a long term deal that hurts you if the main component of said deal (Trump) will be gone in a few years.
Trump addressed that this morning, which is interesting and also terrifying for China.
….And then, think what happens to China when I win. Deal would get MUCH TOUGHER! In the meantime, China’s Supply Chain will crumble and businesses, jobs and money will be gone!
— Donald J. Trump (@realDonaldTrump) September 3, 2019
If China does not ink a deal before 2020 and Trump gets elected, they’re completely fucked. By extension, the lower and middle class in America will be fucked too, fucked with inflation.
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