Trump has been boasting that the large tariffs he slapped on many countries (and then reduced, and then reintroduced, and then suspended, and then … well, you get the idea) had the effect of the heads of those countries begging to talk to him and make deals that would be favorable to the US. Maybe, maybe not. So far there have been few concrete deals announced.
But one place where that has definitely not happened is with the most important trading country of all, and that is China. They have clearly called his bluff and now it is Trump who seems to be pleading with the Chinese premier Xi Jinping to take his call but Xi is playing it cool.
[Read more…]


