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China Isn’t Manipulating The Yuan—It’s Waiting Out Trump

Summary:
China’s leaders appear to have concluded that they won’t secure an acceptable trade deal with President Trump. What they can do is try to weather the next 18 months while inflicting maximum political damage—and hope a weakening U.S. economy delivers a new president. https://www.wsj.com/articles/china-isnt-manipulating-the-yuanits-waiting-out-trump-11565088689

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China’s leaders appear to have concluded that they won’t secure an acceptable trade deal with President Trump. What they can do is try to weather the next 18 months while inflicting maximum political damage—and hope a weakening U.S. economy delivers a new president.

https://www.wsj.com/articles/china-isnt-manipulating-the-yuanits-waiting-out-trump-11565088689

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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