Democrats, especially those running for president, can’t support President Trump’s trade war with China. They just can’t. It’s the heart of Trumponomics and encapsulates his “America First” ideology. To embrace the bold, brash, bludgeoning trade war is to embrace the essence of Trumpism. And politics aside, many or all of them might truly think the tariffs are ultimately an exercise in economic self-harm — and a clumsy, ineffective way to change Beijing’s behavior.
But the 2020ers also can’t simply counter Trump with 1990s vintage go-go globalism. Not in the age of populism. Too much has happened over the past two decades. Economic studies have documented how trade with China in the 2000s badly hurt some U.S. regions. China itself has taken a totalitarian turn even as its growing technological prowess poses worrisome economic and military challenges for America. And, of course, the 2016 election happened. No Democratic strategist thinks paeans to globalization and free trade — never popular with progressives anyway — are the way to win back the Rust Belt.
Democrats look foolish today for their mocking response to Mitt Romney calling Russia “without question, our number one geopolitical foe.” They need to do better with China. Slamming …read more
Source:: The Week – Business