Why China Is Winning the Trade War (John Cassidy)
«As confusion reigns, internal recriminations have begun. The rival factions in the Trump trade team are squabbling bitterly. On Capitol Hill, a number of Republicans, led by Senator John Cornyn, of Texas, have joined Democrats in signing a letter criticizing Trump’s effort to ease the restrictions against ZTE. Reflecting fears that the Administration might be about to make further concessions on the sale of sensitive technologies to the Chinese, the bipartisan letter also warns that “any such move would bolster China’s aggressive military modernization and significantly undermine long-term U.S. national security interests.”
Somewhere in Beijing, a senior Chinese official is probably smiling.»
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