He Cares More About His Hair Than Our Corn
(thanks Cory, at dakotafreepress.com)
Does Trump think China would just roll over and submit to his bombastic insanity? First of all, China owns about 8% of America's outstanding debt, which amounts to $1.3 trillion (the Chinese share). I can't think of anybody who's particularly happy or even comfortable with that situation, but that's the way it is. Peremptorily slapping the People's Republic with a punishing tariff before going through the adjudicating processes created by various tariff agreements and trade deals is a pretty ham-handed way of dealing with this issue, and all it would do is invite a retaliatory response from the Chinese. That they might not be so sanguine about rolling over American debt is one consideration. Another is a reflexively hostile response toward goods they buy from the United States.
And what do you suppose might be one of the first American export industries to feel the pain of a Chinese slap-back to Trump's ridiculous suggestion? Agriculture, by far South Dakota's
|South Dakota Soybeans Headed For China|
The Chinese Buy A Third Of Our State's Production
(photo from sdsoybean.org)
Trump's frustration with China's problematic trade practices are understandable enough, but from a South Dakota perspective, his remedy is full of it.