'Trump seems to have been forced to realize that his big threat was met with a big 'meh.''
Trump’s time out is over. Photo: Tomohiro Ohsumi/Getty Images President Trump has backed down on his threat to impose new tariffs in his trade war with China, and will once again allow U.S. companies to sell to Huawei. He announced the big about-face after a long meeting with President Xi Jinping at the G-20 on Saturday in which the two leaders agreed to restart trade-deal negotiations.
Now, six weeks of stalemate later, Trump seems to have been forced to realize that his big threat was met with a big “meh.” So the president doesn’t seem to have gotten much of anything from China in exchange for the concessions, other than an agreement to return to the negotiating table and farm goods sales which China probably already wanted to make
As Intelligencer’s Josh Barro recently reminded us, “Over the last two-plus years, Trump’s overwhelming pattern on trade has been to chicken out, and the Chinese have taken note of this.” And that was before he launched and then cancelled a war with Iran.
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