China is gaining friends because of Trump’s trade wars

From this article:

“Under pressure from President Trump’s tariff war, China has embarked on a charm offensive on the diplomatic circuit, smoothing over old disputes and courting partners who could help Beijing weather the storm with Washington. Germany, which perennially harangued Beijing over market access restrictions, recently let Chinese investors hold bigger shares in joint ventures in a significant concession. South Korea, the target of withering Chinese boycotts last year over its deployment of a U.S. missile defense system, is seeing Chinese tourism revenue and automobile sales return.
This week, China’s relations with its heavyweight neighbor, Japan, reached its highest level in years.”

Trump’s policies will hurt US trade as other countries make deals without us.  Sad!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s