Trump's incompetence is grounds for national concern:— Olivier Knox (@OKnox) November 18, 2019
odd turn of events. for decades, the North Koreans were eager for a summit with the US president. now: "we will no longer gift the U.S. president with something he can brag about."https://t.co/o6oDOQh2dT
The Trump administration reportedly started tossing around removing tariffs in exchange for some agricultural purchases, and suddenly we were all supposed to get excited about a deal that promised only to get soybean purchases back to where they were before this mess started.That's right: trade negotiations with China have gone precisely: nowhere. We'll be lucky to get back to where we were before Trump drove so many farmers to the brink of destruction.
And the more desperate the Trump administration becomes to eke out some kind of win amid a darkening political situation, the more it will try to make small victories seem like big ones. China, for its part, is digging its heels in too.
Bloomberg Businessweek, in a well-reported piece describing what it was like inside the White House as this trade war descended into the farcical, obtained a quote so good it made this reporter jealous.
Douglas Irwin, an economic historian at Dartmouth, compared what the Trump administration is doing with the trade war to what the US did after the War of 1812 against the British. When the war started, Americans claimed they would take territory from Canada; by the time the war ended, Americans were reduced to touting the fact that they hadn't lost any territory.
Are you tired of all the winning yet?
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