Gordon Chang
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Podcast Appearances
And sometimes we paid for it in the lives of many Americans. Let's not do this again.
A lot of presidents have let the China trade matters slide, and Trump had the courage to take this on. We hold all the high cards. We're the bigger economy. China is the trade surplus country. They ran a $295.4 billion merchandise trade surplus with us last year. So they've got everything to lose, and we don't.
A lot of presidents have let the China trade matters slide, and Trump had the courage to take this on. We hold all the high cards. We're the bigger economy. China is the trade surplus country. They ran a $295.4 billion merchandise trade surplus with us last year. So they've got everything to lose, and we don't.
A lot of presidents have let the China trade matters slide, and Trump had the courage to take this on. We hold all the high cards. We're the bigger economy. China is the trade surplus country. They ran a $295.4 billion merchandise trade surplus with us last year. So they've got everything to lose, and we don't.
But Xi Jinping believes that he can intimidate President Trump into surrendering preemptively because they're trying to get Wall Street, C-Suite, Main Street to put pressure on Trump to cave in. I don't think Trump will do that because we know on Wednesday, Trump imposed tariffs of 145% on China. And that's a real demonstration of political will.
But Xi Jinping believes that he can intimidate President Trump into surrendering preemptively because they're trying to get Wall Street, C-Suite, Main Street to put pressure on Trump to cave in. I don't think Trump will do that because we know on Wednesday, Trump imposed tariffs of 145% on China. And that's a real demonstration of political will.
But Xi Jinping believes that he can intimidate President Trump into surrendering preemptively because they're trying to get Wall Street, C-Suite, Main Street to put pressure on Trump to cave in. I don't think Trump will do that because we know on Wednesday, Trump imposed tariffs of 145% on China. And that's a real demonstration of political will.
I think the Chinese are going to take a long time to come to the table. This is going to be a lot of friction, a lot of tension, but we need to get this done and we need to get this done on our terms.
I think the Chinese are going to take a long time to come to the table. This is going to be a lot of friction, a lot of tension, but we need to get this done and we need to get this done on our terms.
I think the Chinese are going to take a long time to come to the table. This is going to be a lot of friction, a lot of tension, but we need to get this done and we need to get this done on our terms.
I think that they understood that Trump reacted to the bond market by the Japanese dumping bonds. So that's one way. But I think ultimately, they realized there's a real danger in this. And that is, the US is going to come to terms with a lot of countries. Japan, South Korea, the EU. That's going to leave China out in the cold.
I think that they understood that Trump reacted to the bond market by the Japanese dumping bonds. So that's one way. But I think ultimately, they realized there's a real danger in this. And that is, the US is going to come to terms with a lot of countries. Japan, South Korea, the EU. That's going to leave China out in the cold.
I think that they understood that Trump reacted to the bond market by the Japanese dumping bonds. So that's one way. But I think ultimately, they realized there's a real danger in this. And that is, the US is going to come to terms with a lot of countries. Japan, South Korea, the EU. That's going to leave China out in the cold.
Because as senior Trump officials have been saying this week, those countries that come to terms with us early are going to get the best deals. And China is sitting on the outside because they can't pick up the phone, which means they're going to be pretty much in trouble. Remember, these guys in Beijing, they're not going to be selling a lot of stuff to the US because of the 145% tariff.
Because as senior Trump officials have been saying this week, those countries that come to terms with us early are going to get the best deals. And China is sitting on the outside because they can't pick up the phone, which means they're going to be pretty much in trouble. Remember, these guys in Beijing, they're not going to be selling a lot of stuff to the US because of the 145% tariff.
Because as senior Trump officials have been saying this week, those countries that come to terms with us early are going to get the best deals. And China is sitting on the outside because they can't pick up the phone, which means they're going to be pretty much in trouble. Remember, these guys in Beijing, they're not going to be selling a lot of stuff to the US because of the 145% tariff.
That means they're going to dump their products on other markets. Other markets, they're just not going to accept this flood of Chinese products because they cannot see their own manufacturing sectors being decimated. So China is in a really difficult position because it is now more export dependent than it has ever been.
That means they're going to dump their products on other markets. Other markets, they're just not going to accept this flood of Chinese products because they cannot see their own manufacturing sectors being decimated. So China is in a really difficult position because it is now more export dependent than it has ever been.
That means they're going to dump their products on other markets. Other markets, they're just not going to accept this flood of Chinese products because they cannot see their own manufacturing sectors being decimated. So China is in a really difficult position because it is now more export dependent than it has ever been.
Yeah, I think there's very little room to maneuver. And the reason is that China's predatory trade policies and its criminal acts, they're inherent in the nature of the Communist Party system. These are the things that have got us upset about China in the first place. These are the things that Beijing cannot negotiate away.