The biggest problem with surrendering to White House bullying is that it helps make the case that trade really is a zero-sum game and that intimidation of your allies really does work.
Discussing the consequences of capitulating to Trump.
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If Americans are concerned about China in the world, which I am, the best way to act on China is with an alliance with America's traditional allies.
The laws of economics prevail. And the reality is, your economic relationship with us is great. It is balanced. It is mutually beneficial.
‘We have to hear what is being said’ is a milquetoast euphemism for surrender. That is rarely an effective negotiating strategy.