Stung by Trump, America’s Top Trading Partners Shift Gaze to China
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Kim Mackrael, Staff Reporter - The Wall Street JournalStephan: Even the right-wing Murdoch-owned press is beginning to appreciate what aspiring dictator Trump, and his incompetent serviles, are doing to the geopolitical structure of the nations of the world, and the negative impact this is going to have on the wellbeing of the United States.
Canada’s Prime Minister Mark Carney with Chinese leader Xi Jinping in Beijing during a state visit this month. Crediet: Sean Kilpatrick / The Canadian Press / Associated Press
LONDON, UNITED KINGDOM — U.S. trading partners, feeling burned by an unpredictable and transactional White House, are reassessing China in a drive to lessen their longstanding reliance on America.
From Canada to Europe and South Korea, America’s postwar allies are scouring the globe for alternative markets. Some are weighing closer ties to China, the world’s second-largest economy after the U.S., even as they worry about Beijing’s economic and military might and the risk of U.S. retaliation.
President Trump on Saturday threatened 100% tariffs on Canadian goods if the country “makes a deal” with China, highlighting how the world’s middle powers are increasingly under pressure to choose between what many of them view as bad options.
The threat came after Canadian Prime Minister Mark Carney this month announced a sharp cut in Canada’s levies on Chinese-made electric vehicles and touted a “new strategic partnership” with China. [...]Read the Full Article »