Is Washington really going to start a trade war with China, or is it just huffing and puffing for position? I don’t know. Mr. Trump has inexplicably failed to brief me. A point worth bearing in mind:
The United States cannot compete commercially with a developed Asia, or China.
America has nowhere to go. It is a fully developed economy that cannot grow rapidly if it grows at all. America is also a country of only medium size with a white and Asian population of a bit more than two hundred million who do all the brain work. It has a decaying system of education, declining living standards, and an economy crippled by huge military expenditures.
By contrast China has a billion Han Chinese, intelligent government, a great deal of room to grow and high rates of doing so. The combined land mass, population, and economic potential of Asia are staggering. In differing degrees, Asian nations are growing.