14-01-2022, 06:19 PM
Instead of trade war, Trump should seek trade talk with China to expand buying of US goods to reverse trade deficits.
With trade war, trade deficits widens instead of narrowing.
Now China opens up market for RCEP for 14 other countries in ASEAN, Japan, Korea, Aussie, NZ, etc. China also may join CPTPP benefiting other countries again.
China also signed deals to buy oil from Russia, 25-year deal with Iran, etc. Now 6 OPEC countries also visit Beijing. What do they do? Of course, oil deal with China.
If Trump first started to seek deal of buying US shale oil, trade benefits could have gone to US instead of going to others.
Don't you think Trump is stupid to start trade war?
.
With trade war, trade deficits widens instead of narrowing.
Now China opens up market for RCEP for 14 other countries in ASEAN, Japan, Korea, Aussie, NZ, etc. China also may join CPTPP benefiting other countries again.
China also signed deals to buy oil from Russia, 25-year deal with Iran, etc. Now 6 OPEC countries also visit Beijing. What do they do? Of course, oil deal with China.
If Trump first started to seek deal of buying US shale oil, trade benefits could have gone to US instead of going to others.
Don't you think Trump is stupid to start trade war?
.