Thursday, June 21, 2018

As China mulls its response to Donald Trump’s tariffs, cool heads are prevailing, for now

The serried ranks

FOR now, at least, when speaking of the trade dispute with America, China’s government is taking a more-in-sorrow-than-in-anger tone. That helps explain the Chinese public’s surprisingly measured views of Donald Trump, and gives the Chinese government some breathing room to consider its options.

The state media have so far taken the high ground. True, the Global Times, a chest-thumping tabloid, accused the American president of “gambling” that China will be cowed by his “capricious and obstinate attitude”. No country can isolate itself from globalisation, said the Xinhua news agency: “The wise man builds bridges, the fool builds walls.” A new Xinhua web page popped up on June 20th, tracking multilateral deals that Mr Trump has quit, including on trade, climate change and Iranian nuclear arms.

But China has yet to debate, publicly, how to handle an American president who is an avowed populist...Continue reading

from Business and finance https://www.economist.com/news/finance-and-economics/21744831-yantaithough-america-has-more-firepower-china-can-still-do-it-lot-damageat?fsrc=rss

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