“Chicken” with China

Note: I agree with Trump that China is an IP problem so the only question is whether the current strategy will work.

The interesting bit though is raised in the WSJ:

https://www.wsj.com/articles/china-braces-itself-for-protracted-trade-dispute-with-the-u-s-11565091208

The suggestion is that we have Chins in a tough spot BUT that their strategy appears to be based on Trump and their belief that his support is tenuous, that he needs the economy and that he may not survive 2020

I think Trump’super hard line approach would work, especially now, if he was a widely-popular President because everyone would like up behind him as a matter of patriotism. He may still be able to do that but to China’s position, what about when US consumers start to feel the pain and/or the markets start to decline ? (If they do)