Meanwhile, our trade deficit continues to balloon under Trump while our stock market has been flat for two years, thanks to Trump's retarded trade war.
It's funny how in 1990 the Fed viewed increased budget deficits as inflationary, but now … not so. And, inflation is not yet present, because China has cut it's prices to make tariffs less effective, but supposedly the next round of tariffs, and China's countermeasures, will hit the Wal-Mart shoppers. And there's Trump's threat of an EO to America to get out of China. And if either event occurs, there will be a recession, and Trump will not be reelected.
Trump is not bringing China to its knees unless he does more, but more will cause a recession. So, what does Jina do? Will they offer Trump a deal that does little with IP, but gives him a way to save face and survive? Will Trump take it? China is not caving now. But they have to gamble: get a deal now when Trump is weak, gamble on a recession that takes out Trump, or gamble that Trump might survive, and then they'd have to deal with him for four years, when he has nothing to lose, and even the gop senate cannot do anything to stop him.