China feeling the squeeze - President Trump and the trade war

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Looks like the tariffs are working - from CNBC/Reuters:

Chinese leadership is facing a rare backlash for its handling of the US trade dispute
A growing trade war with the United States is causing rifts within China's Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the U.S. position, according to four sources close to the government.

President Xi Jinping still has a firm grip on power, but an unusual surge of criticism about economic policy and how the government has handled the trade war has revealed rare cracks in the ruling Communist Party.

A backlash is being felt at the highest levels of the government, possibly hitting a close aide to Xi, his ideology chief and strategist Wang Huning, according to two sources familiar with discussions in leadership circles.

Heh... Say what you like about his personal behaviour, President Trump is doing great things for the United States.

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About this Entry

This page contains a single entry by DaveH published on August 9, 2018 8:38 PM.

Finally getting some respect - Iceberg Lettuce was the previous entry in this blog.

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