Worse. This is really a “don’t negotiate with terrorists” situation. Trump could have gone to the Chinese, and any other country, and said, “look, this isn’t working. We need to renegotiate our trade deals.” Public opinion has soured enough on free trade that Trump likely could get some legitimate tariff package or set of new trade deals through. The public generally likes the idea of not trading so much with China. The problem is Trump is trying to do this via decree and blackmail. He thinks that by cutting off trade overnight, he can coerce China into giving the US favorable terms.
But all this shows is that the US is an unreliable partner that is willing to back on its word at any moment. Nations can renegotiate trade deals. That isn’t some unprecedented violation of international norms. But it’s common sense to do these things slowly, giving both nations time to adapt their economies to the new conditions. You can’t just cut this level of trade off cold turkey without causing a global depression.
Worse. This is really a “don’t negotiate with terrorists” situation. Trump could have gone to the Chinese, and any other country, and said, “look, this isn’t working. We need to renegotiate our trade deals.” Public opinion has soured enough on free trade that Trump likely could get some legitimate tariff package or set of new trade deals through. The public generally likes the idea of not trading so much with China. The problem is Trump is trying to do this via decree and blackmail. He thinks that by cutting off trade overnight, he can coerce China into giving the US favorable terms.
But all this shows is that the US is an unreliable partner that is willing to back on its word at any moment. Nations can renegotiate trade deals. That isn’t some unprecedented violation of international norms. But it’s common sense to do these things slowly, giving both nations time to adapt their economies to the new conditions. You can’t just cut this level of trade off cold turkey without causing a global depression.