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The right way to discipline China: Trump's mercurial trade and tariff tricks won't get the job done

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06.12.2018

Proclaiming himself to be a “Tariff Man” in a tweet early Tuesday morning, the President sent shivers up the spine of Wall Street. The market’s reaction was swift and severe: The Dow fell nearly 800 points.

Investors are clearly getting the sense that there is no impending armistice in the nascent trade war between Washington and Beijing.

The episode underlines the serious and ongoing risk of an administration run by a man who seems governed by his id rather than deliberate strategy. That’s a bad fit for a global economy that understandably wants to know the rules of the game before making multi-billion dollar investments.

What’s ironic here is that Trump made a hash out of what could have been the start of a healthy correction to the administration’s counterproductive trade policies.

Earlier in the week, markets had been up on news that the United States and China had struck a deal at the G-20 summit in Buenos Aires. The terms are ambiguous, but the basic crux is that China will........

© NY Daily News