Trade War Turns into Staredown
From the desk of a humble observer–who once traded marbles for firecrackers and lived to nearly regret it.
Now, I ain’t one to say I told you so, but if you take a mule and slap it every morning ‘cause you say it’s stealing corn, sooner or later, that mule’s liable to kick—and maybe not in the direction you were hoping. Well, that’s more or less what’s happened betwixt-n-b’tween Uncle Sam and Old Man China.
They’ve been tradin’ slaps so fast and fierce these past months that it’s hard to tell which end is up. And tariffs flying left and right like a barroom brawl in a cyclone.
So it was with no small curiosity that the world turned its head–like a farmer who hears silence in the henhouse and knows something’s up–to hear that China may have blinked, winked, flinched, or just paused to adjust their spectacles.
The ain’t exactly clear–but rumor has it they’ve asked for all tariffs to end. All of ’em! Every last one, like a man with a house fire saying, “Let’s forget this whole matchstick business ever happened.”
The unexpected proposal was greeted by Washington like a dog hears a strange whistle—ears perked, tail twitching, but not yet moving forward. However, there’s no confirmation from the brass, no details, just the scent of possibility hanging in the air like a whiff of biscuits on a cold morning.
Now, if you’d been in a barrel the last fortnight, you might’ve missed how these two titans of trade been whuppin’ on each other. Tariffs have gone from respectable skirmish to full-scale economic cannonade.
China hiked their rates up to 125 percent, likely figuring if they had to shoot themselves in the foot, they’d at least make sure the other fellow lost a leg. Meanwhile, President Trump, having never met a tariff he didn’t fancy, slapped on more duties until they stacked higher than a politician’s promises during an election year—145 percent all told.
He said China’s been “ripping us off,” though one must wonder how a nation gets ripped off when it keeps going back to the feller who claims his barber cheats him but won’t let nobody else near his hair.
To hear the White House tell it, all this pummeling was for the good of the American people. It was gonna bring back jobs, fix the trade deficit, and keep those Chinese devils from outfoxin’ us. The fact that consumer confidence dropped like a bucket in a dry well and Wall Street started twitchin’ like a bug on a hot skillet was growing pains.
Meanwhile, businesses across the fruited plain, most of whom ain’t the faintest idea how to move a supply chain from Guangzhou to Gary, Indiana, started talking about “strategic patience.” That’s a rich-folk talk, sayin’ “We’re sittin’ on our hands until someone stops swinging.”
The Chinese, for their part, called the administration’s tariff policy “a joke in the history of the world economy,” which, translated into plain Nevada talk, means they think we’ve lost our minds but are too polite to say so.
But now, if this talk of blinking is true, maybe someone over there finally realized that you can only block so many exports before the fellow on the other end stops sending anything, including dollars, or they’re trying to buy time while they build up trade with other folks who ain’t threatenin’ to tariff their socks off.
President Trump says China “wants to make a deal” but doesn’t know how. Well, I reckon that’s like watching two proud old tomcats circling the same alley and expecting either one to roll over.
“They’re proud people,” he said, and that’s true enough.
But pride, my friend, is a strange kind of currency—it spends well in speeches but poorly in global markets. So here we are–two giants with clenched fists and bruised egos, squinting at each other across a chessboard where all the pawns are busted, and the rooks are pork bellies and semiconductors.
Will they shake hands or throw more punches? No one can say.
But if history teaches anything–it’s that when powerful countries start a game of chicken, it’s usually the rest of us who end up plucked and roasted.