There’s no indication that President Donald Trump’s summit with China’s Xi Jinping achieved any breakthrough on North Korea. But why didn’t it? After all, Trump said that China could ‘fix’ the North Korea problem ‘easily and quickly’ and it was just a matter of Xi’s making up his mind to do so.
No less divorced from reality was Trump’s half-hearted pitch on the US trade imbalance with China. The problem, he said, was not the Chinese – whom he complimented on their cleverness in exploiting our stupidity – but on the flaccid policies of prior American administrations. Quite true! But what will he do differently? Not much it seems, except maybe give a big tax cut with no strings attached to fat corporations that are thrilled to keep moving their operations overseas. Global market ber alles! And here we all thought Hillary Clinton lost the election . . .
This post was published at Zero Hedge on Nov 13, 2017.