Just published on Impakter. Here’s the opening:
In a single tweet on 5 April, Trump gave a double whammy: against China, reminding everyone that he’s fighting China on trade, and against Amazon’s “chief lobbyist”, the hated “Fake News Washington Post”:
The Fake News Washington Post, Amazon’s “chief lobbyist,” has another (of many) phony headlines, “Trump Defiant As China Adds Trade Penalties.” WRONG! Should read, “Trump Defiant as U.S. Adds Trade Penalties, Will End Barriers And Massive I.P. Theft.” Typically bad reporting!
— Donald J. Trump (@realDonaldTrump) April 5, 2018
Not bad for a single tweet. To anyone wondering why the Washington Post’s headline is characterized as “phony” when the news about the levying of trade penalties is real enough, the answer is fairly simple. Trump has recently engaged in an unprecedented flurry of tweets against Amazon, “ranting obsessively about it”. To the point where one is justified in wondering whether he has a personal grudge against Jeff Bezos, the founder of Amazon and owner of the Washington Post.
Maybe he does, but the truth is that the Washington Post has been very good at unearthing uncomfortable news about him. For example, they were the ones who discovered he had given highly classified information to the Russian Foreign Minister and Ambassador in the course of a visit to the White House back in May 2017.
Trade War or Trade Talks?
That’s the real question. Are Trump’s threats of trade penalties the opening salvo of a coming trade war? Or, more simply, trade talks?
Trump has just ordered the US Trade Representative to consider coming up with levies on $100 billion more of Chinese goods (that immediately sent US stock futures tumbling). This came on top of a Chinese announcement on Wednesday that China would levy a 25 percent tariff on about $50 billion of US goods (including soybeans, automobiles, chemicals and aircraft). But the US had started it all, issuing on Tuesday a list of tariffs on $50 billion of Chinese products.
Tit for tat – and a clever tit from China…
Read the rest on Impakter, click here.