US China Trade War entering new phase - the best outcome

WASHINGTON (AP) — President Donald Trump declared Friday that he had "hereby ordered" American companies with operations in China "to immediately start looking for" an alternative after Beijing announced a series of retaliatory tariffs....

The U.S. has said it plans to impose 10% tariffs on $300 billion of Chinese goods in two steps, on Sept. 1 and Dec. 15. China responded Friday with new tariffs on $75 billion of U.S. products in retaliation, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession.

China also will increase import duties on U.S.-made autos and auto parts, the Finance Ministry announced. Tariffs of 10% and 5% will take effect on two batches of goods on Sept. 1 and Dec. 15, the ministry said in a statement. It gave no details of what goods would be affected but the timing matches Trump's planned duty hikes....Yahoo News

The US China Trade War has a lot of similarities to the Korean War, aka the Anti American Imperialism War to the Chinese. In that war, the US under the command of Gen MacArthur, a personality not much different from Trump, entered the war with the full might of the American military power. The overwhelming imbalance in the forces of the two adversaries was stark and the North Koreans could only retreat. MacArthur marched towards the Yalu River in triump, beaming like an invincible war hero. Then China entered the theatre and struck back. The rest is history.

Trump started this war with China with guns blazing, shooting everything sight. For the initial phase of this war he appeared to be winning and China was being pushed back like the North Koreans. The war has reached a similar stage as the American forces at the Yalu River. China is digging and and fighting back. China is going to take the initiative and turn the table.

Are the Americans going to win or flee? Trump has ordered a withdrawal of all American companies in China, back to America just like MacArthur did when he was swarm by the Chinese Volunteer Armies. How would this turn out? Can American companies afford to retreat to the homeland, across the Pacific Ocean? What would happen to Ford and GM when they lose the biggest car market in the world and returned to a saturated home market that have grown sick of them and facing the onslaught of Japanese, Korean and European cars? Ford and GM's lives were extended and saved because of the move to China. Without the Chinese market these two American dinosaurs would have their lives ended in double quick time. So would many other American companies with operations in China, the electronics, computers and mobile phone and other high tech companies.

The outcome, Trump would raise its tariffs wall higher and banned all Japanese, Korean and European imports and the world would hit a recession that Trump has been working on for so long. Go ahead Trump, don't stop at 15%, go the max, 30% and what happens?

If the American economy is doing so well, Trump would not be so desperate to want to cut interest rate even to zero. Trump is so desperate that he even blamed Fed Chairman Jerome Powell as the enemy of the US, worse than Xi. Despite all his fake tweets of how well the American economy is doing, the truth is the opposite. More than 938 American farmers have gone bankrupt and more coming, and more farmers committing suicide because of Trump's reckless and unthinking policies promoted by the war hawks.

Trump will fail very badly. But the war hawks and their war industries would get a boost when the world goes into turmoil, rising tension and more wars. Well done Trump, this is the best outcome you can achieve in your presidency.

Thank you very much and bye bye the American Empire. Remember the Korean War?