In the presidential campaign, in his trade and diplomatic negotiations, and in domestic policy fights, President Trump’s personal circumstances and the unwitting American media have dealt him a huge advantage: Although he is an impatient person, he is in no hurry.
In the current trade war, China has found a formidable opponent. In conventional political dogma, China can wait America out. Trade disputes put tremendous pressure on American presidents.
Consumers complain about tariffs leading to rising prices. Businesses complain about higher costs and disrupted supply chains. Farmers bemoan lost markets. The stock market declines and there are dire forecasts from economic and financial experts.
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