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China sees the U.S. trade deal as a huge win for Beijing (www.cnbc.com)

submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

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KEY POINTS

China is casting the trade agreement with the U.S. as a victory.
After two days of negotiations with U.S. officials, China got the Trump administration to roll back its 145% tariffs, which had all but halted bilateral trade.
Stock markets across the world surged after Beijing and Washington announced the deal.

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[–] TheDemonBuer@lemmy.world 1 points 3 weeks ago

The US didnt fail to invest in their own industries

I didn't say that we failed to invest in our industries, I said we failed to invest in our people. We left our people to their own devices, behold the result.

perhaps the first big step for America is getting money out of politics with strong legislation and harsh penalties for those that break it - overturn Citizens United, no more SuperPACs - prise the power away from corporations to dictate law and pick leaders, because they have crafted every issue you speak to.

Perhaps it's possible that a majority of the American people will eventually, spontaneously coalesce around these goals, but I don't think the chances are high. Given enough time, it might happen, but I'm not sure the US won't collapse (similar to the collapse of the Soviet Union) before then.