Spengler writes in the Asia Times Online, “Rather than a tariff war, the world will face a disruption of the global supply chain, major dislocations in high-technology trade, shocks to pricing, and a return to national autarky in a number of economic policies. The result will be ugly in economic terms, and it will raise strategic tensions everywhere in the world. Hard to imagine an American policy initiative stupider than its attempt to export democracy to Iraq, this will go down as the dumbest thing America ever did.”
“Trump recognizes how unfairly our “partners” are treating us. He also exposed how insincere our trading partners were when they so readily declined his deal of true free trade. What’s more, he’s reinvigorating the image of the American president as a figure who commands–and deserves–the respect of foreign leaders, friend and foe alike.”
“One thing is clear: The White House is looking for a soft landing to its hard stances on trade with China. Perhaps China has already won this round of the trade war. But, if the White House holds strong, it just might exact the concessions it needs from China without sacrificing American national security.”
“China’s ultimate goal is to link the capital-rich region of Northern Europe–specifically Germany–with its exports. But, the immediate concern is for China to solidify his vice-grip on the Mediterranean-Adriatic-Gulf trading zone, say analysts at the Washington, D.C.-based Institute for China-American Studies.”
“When China looks around the world, they see every state as potential fuel for their meteoric rise. When America looks to the world, they see partners seeking to cooperate in an American-dominated international system. Given the disparity in outlooks—and the rise of China’s power—Americans would do well to abandon the naïve sentiments of the idealists and notions about an inevitable “end of history” that culminates with the global embrace of liberal democracy. Instead, we should return to an understanding of realistic American strategic concepts such as “peace through strength.”
“This is a long game that must be played with élan and forcefulness. We should seek to further enmesh China in a global economic system that surrounds them by American allies. American policymakers should reread the 11th labor of the old Greek myth of “The Twelve Labors,” with Hercules in mind to formulate better policies regarding China going forward.”
In this 6-part series that I wrote for American Greatness a few weeks back, I argue that America has lost the ability to conduct economic statecraft at a time when our enemies–notably China–have become expert practitioners of this incredible potent tool of statecraft.