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Zero Hedge — Trump’s Feud With China Is A Carbon Copy Of Reagan’s Trade War With Japan: Is A New Plaza Accord Imminent?

Summary:
No way this is comparable to Japan. It amounts to adding apples and oranges. The differences outweigh the similarities.  China is not Japan, just as Iran is not Afghanistan, Iraq, Syria, or Libya. There's a big difference in opening a can of worms and opening Pandora's box. The result so far has been to drive China and Russia closer together, which is a strategic nightmare for the US since this is the only existential military threat the US faces. That was a strategic blunder that Henry Kissinger had warned Trump against. Zero HedgeTrump's Feud With China Is A Carbon Copy Of Reagan's Trade War With Japan: Is A New Plaza Accord Imminent?Tyler Durden

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No way this is comparable to Japan. It amounts to adding apples and oranges. The differences outweigh the similarities. 

China is not Japan, just as Iran is not Afghanistan, Iraq, Syria, or Libya. There's a big difference in opening a can of worms and opening Pandora's box.

The result so far has been to drive China and Russia closer together, which is a strategic nightmare for the US since this is the only existential military threat the US faces. That was a strategic blunder that Henry Kissinger had warned Trump against.

Zero Hedge
Trump's Feud With China Is A Carbon Copy Of Reagan's Trade War With Japan: Is A New Plaza Accord Imminent?
Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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