From Pine View Farm

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Via The Japan Times, Columbia University Professor Zongyuan Zoe Liu makes a strong case that China is winning the trade war that Trump chose to start. Here’s a tiny bit:

From the Chinese government’s perspective, the Trump administration’s determination to decouple the two economies at any cost is the culmination of American efforts to stifle China’s rise. While China does not want a trade war or to decouple, it is willing to risk a trade war that the United States may lose — and it would rather decouple than kowtow to Trump.

That is why Chinese leaders, businesspeople and entrepreneurs have focused on building resilience and self-reliance, which means, first and foremost, reducing dependence on U.S. markets and technology.

Afterthought:

Trump is indeed running the government like a business, and that business is Enron.

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