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BFTP: Don’t Say You Weren’t Warned On China Deal

Summary:
BFTP = Blast From The Past CHINA SAID TO TELL U.S. SIDE WON'T CHANGE CHINESE LAW FOR DEAL — zerohedge (@zerohedge) May 6, 2019 Bingo! Note our comment from an earlier post this evening, Seriously, folks,  do you really think the Middle Kingdom, with all its history and past glory, after climbing back to global superpower status, is now going to cave and give up some of its sovereignty because Trump demands it? President Xi already seems to be preparing his population for the worst case scenario, warning of “challenging times ahead” possibly in the event Trump goes ahead with the tariff hikes.  Maybe we are reading too much into it and maybe not. – GMM U.S. trade negotiators are pushing for “SnapBack”enforcement or leave tariffs in place only if Beijing meets agreed-upon

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BFTP = Blast From The Past

Bingo!

Note our comment from an earlier post this evening,

Seriously, folks,  do you really think the Middle Kingdom, with all its history and past glory, after climbing back to global superpower status, is now going to cave and give up some of its sovereignty because Trump demands it?

President Xi already seems to be preparing his population for the worst case scenario, warning of “challenging times ahead” possibly in the event Trump goes ahead with the tariff hikes.  Maybe we are reading too much into it and maybe not. – GMM

Gregor Samsa
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