Washington Post (June 12)
“Trump miscalculated on China. Now the administration is trying to fix the mess.” The United States “started off with the economic upper hand, thanks to low unemployment, falling inflation and a strong global network of alliances,” but Trump “overplayed” his hand with China. As a result, “markets are volatile because of uncertainty. Recession fears loom.” Now, the “two nations have a chance for a reset. But both must recognize they remain mutually dependent.”
Tags: Administration, Alliances, China, Falling inflation, Global network, Low unemployment, Markets, Mess, Miscalculated, Mutually dependent, Overplayed, Recession fears, Reset, Trump, U.S., Uncertainty, Upper hand, Volatile
Bloomberg (September 19)
“Trump has badly miscalculated Xi’s willingness to endure a lot of economic suffering to avoid surrender. Trump has also miscalculated who will be hurt by his tariffs; in many cases it will be American consumers and companies.”
Tags: Companies, Consumers, Endure, Miscalculated, Suffering, Surrender, Tariffs, Trump, U.S., Willingness, Xi
