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Trump’s Tariff Failure

I didn’t know this but it seems like it should be relevant. I hope the Biden debate prep people are on it. (It’s probably too much to ask that the moderators are.) Jonathan Chait explains:

One of the most underappreciated developments of Donald Trump’s presidency is that his strategy toward China was a total failure on its own terms. While Trump began his presidency as a snarling trade warrior, bent on ending Chinese manufacturing dominance, he ended his presidency as a whimpering apologist for Beijing.

The culmination of Trump’s standoff with China was a trade deal that supposedly committed China to purchasing $200 billion worth of American goods. Robert O’Brien, a former Trump national security adviser, admits that the Chinese never actually carried out their end of the deal. “I don’t think we’re going to see a deal like we saw in the first term,” he told Semafor’s Morgan Chalfant. “I think people were generally happy with phase one, but as it turned out, the Chinese didn’t honor it.”

You don’t say? Huh.

Recall that he demeaned China at every turn until they set of his deal at which time he said, “Terrific working with President Xi, a man who truly loves his country. Much more to come!”

Then COVID hit and Trump did everything he could to keep the deal going even though people were dropping dead and the world economy was shutting down. It led Trump to weeks of playing down the crisis to keep his precious deal on track.

Chait writes:

So O’Brien’s confession that the deal didn’t actually pay off is a pretty damning one. Of course, there are plenty of former Trump advisers who now admit Trump was an ignorant, lying criminal, but O’Brien is not some repentant former lackey. He is very much an ongoing lackey continuing to jostle for influence in a possible second term.

Chait reports that there are some people in Trump’s orbit who think there is another approach to limit China’s involvement in EVs. Even OBrien says they’s have to work with allies to make it happen which seems like a tough lift since Trump is saying he plans to enact at least a 10% tariff on ALL foreign goods, possible even more so that he can replace the income tax and party like it’s 1825. It’s unlikely our (probably former) allies will be working with the US on much of anything under those circumstances.

As he points out, Trump has been slagging American allies for years and he’s not likely to stop:

For nearly as long, Trump has also been drooling over the world’s autocracies. Russia, famously, is the apple of his eye, but he has room in his heart for more than one dictator. Trump praised the Tiananmen Square massacre in 1990. (“Then they were vicious, they were horrible, but they put it down with strength. That shows you the power of strength. Our country is right now perceived as weak.”) After becoming president, he continued to fawn over China’s very strong leadership, congratulating Xi Jinping for making himself president for life and touting his brilliance and toughness.

The known methods for foreign countries to woo Trump involve a combination of payoffs and flattery. Authoritarian states have natural advantages at this game. They have weak or nonexistent laws against corruption, and their leaders can engage in nauseating displays of friendship with a hated figure like Trump without fear of alienating domestic constituencies.

Trump’s instincts tell him that allies are enemies and enemies are allies because the latter can do just that — woo and flatter and tell him how great he is. It’s pathetic but that’s how it is. Anything that requires America to rely on our historic alliances will be blown to smithereens in a second Trump presidency. And our adversaries will be pleased as punch.

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