President Trump is executing one of the most brilliant geopolitical economic resets in the history of global trade. It really is stunningly remarkable how President Trump has controlled the entire landscape. The consequential phase now begins.Read more here.
...As President Trump highlighted today, over time (and it won’t take long) there will be an exodus of multinational manufacturing away from China. Corporations will shift their purchase agreements, manufacturing and assembly plans to ASEAN countries outside the investment ‘risk zone’ that is now China.
Notice some of the nuance (specific references) within President Trump’s tweets. Japan, Vietnam (President Trang Dai Quang), South Korea (KORUS), Philippines and India are positioned to pick-up business.
To counteract the predictable exodus the Chinese state-run enterprises (and banks) will offer incentives to retain the corporate manufacturing business. This process means China, in essence, subsidizes the tariffs:
Monday, May 13, 2019
China walks into Trump's trap
Today in the Conservative Treehouse, Sundance tells us how Trump has been very successful at resetting global trade.
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