Is Washington really going to start a trade war with China, or is it just huffing and puffing for position? I don’t know. Mr. Trump has inexplicably failed to brief me. A point worth bearing in mind:
The United States cannot compete commercially with a developed Asia, or China.
America has nowhere to go. It is a fully developed economy that cannot grow rapidly if it grows at all. America is also a country of only medium size with a white and Asian population of a bit more than two hundred million who do all the brain work. It has a decaying system of education, declining living standards, and an economy crippled by huge military expenditures.
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