40% of Americans have passports... majority probably have them for Canada, Mexico, central America and perhaps some for Europe... I am guessing those who have traveled to China maybe around 2%.... yet there are so many arm chair experts commenting on the trade war every time there is a turn in the negotiation.
Dont forget that China is currently building a huge railway popularly called “silk way” to connect East with EU. I dont think that they are still ready to give up on their manufacturing supremacy
it's the 'road' in the One Belt One Road, basically recreating the silk road trade route... not necessarily a rail road though.
This was my understanding. Imagine if they had their bullet trains crossing the continent. I think Trump would have to concede no deal...
bullet train is not economically feasible at this point, or perhaps forever... it's a miracle they build the biggest high speed rail network in only 10 years with miles surpassing the rest of the world combined... but only a few lines long the busiest corridors are profitable... the entire network is still a big money loser... of course this is discounting the social/economical benefits to the country as a whole, which is difficult to measure... and having a line thru thousands of miles of desert with towns few and far between is guaranteed to be a loser.
POLITICS Trump’s tricky decision: Hit Chinese goods with new tariffs or hold off? PUBLISHED FRI, DEC 6 20197:07 AM ESTUPDATED AN HOUR AGO Kayla Tausche@KAYLATAUSCHE KEY POINTS In less than two weeks, Trump must decide whether to slap tariffs on $156 billion in consumer goods made in China or move the goal post yet again in lieu of the comprehensive trade deal. During the Oval Office announcement of the latest truce, Treasury Secretary Mnuchin assured the public there would be more than enough time to finish the deal and permanently avert further tariffs. That was two months ago. https://www.cnbc.com/2019/12/06/tru...lus-on-december-tariffs-on-chinese-goods.html
I hope your analogy holds. Because I don't think entire country economies work the same way. Remember Cyprus? If a small country can shock the markets what happens when a major player has trouble? We shall see.