Crepitus
Diamond Member
- Mar 28, 2018
- 106,496
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We got huge headlines, but nothing else.
The hype is real, but unsupported by facts. While he's trying to take ma victory lap in the media the reality is tey are headed home with exactly the same playbook from his first term. That is verbal theater substituted for actual binding, signed agreements.
Let's look at the two biggest "breakthroughs" being touted by *administration right now:
The Boeing "deal". trump boasted to Sean Hannity about an order for "200 big ones" but in the same breath he admitted "it was sorts like a statement, but I think it was a commitment" Translation? Nothing was signed, nothing in print, noting real. And wall street knows it, which is why Boeing and various tech stocks dropped today. Essentially China got a pause on tariffs just for some kind words.
Next is the Iran crisis. The White House is claiming a major win becuase China agreed that the Strait of Hormuz "must stay open". I think we can all agree to that, but it's not any sort of commitment. But look at the game board here. Besides, right before the summit wrapped up Tehran cleared 30 commercial ships through the strait, and most of them were Chinese tankers. trump's leverage was neutralized before the meeting even started. China's oil is moving. But trump is still talking about lifting sanctions on Chinese firms in exchange for what amount to "pinky promises".
Until there's some sort of signed document this is nothing but hot air.
Which is kinda trump's specialty.
The hype is real, but unsupported by facts. While he's trying to take ma victory lap in the media the reality is tey are headed home with exactly the same playbook from his first term. That is verbal theater substituted for actual binding, signed agreements.
Let's look at the two biggest "breakthroughs" being touted by *administration right now:
The Boeing "deal". trump boasted to Sean Hannity about an order for "200 big ones" but in the same breath he admitted "it was sorts like a statement, but I think it was a commitment" Translation? Nothing was signed, nothing in print, noting real. And wall street knows it, which is why Boeing and various tech stocks dropped today. Essentially China got a pause on tariffs just for some kind words.
Next is the Iran crisis. The White House is claiming a major win becuase China agreed that the Strait of Hormuz "must stay open". I think we can all agree to that, but it's not any sort of commitment. But look at the game board here. Besides, right before the summit wrapped up Tehran cleared 30 commercial ships through the strait, and most of them were Chinese tankers. trump's leverage was neutralized before the meeting even started. China's oil is moving. But trump is still talking about lifting sanctions on Chinese firms in exchange for what amount to "pinky promises".
Until there's some sort of signed document this is nothing but hot air.
Which is kinda trump's specialty.
