The Red Emperor's Strength Is A Facade----Why Xi Jinping Can't Back Down On The Trumpian Tariffs

The proper diplomatic approach to this new challenge would be a policy of accommodation, one that assuaged the U.S. and allowed trade to continue unencumbered. But Xi cannot be seen as weak. He must retaliate, even if his ability to inflict damage on the United States is limited. This is all part of the facade — to get Chinese citizens who will be hurt by Xi’s moves to feel a sense of embattlement and loyalty to Xi’s regime.

 

 

https://www.marketwatch.com/story/george-friedman-chinas-president-may-be-weaker-than-he-appears-2018-07-02

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.