Monday June 1, 2020
President Trump faces trouble, and he is handling it in a dangerous way. Our economy is reeling, as the Fed pours out billions of dollars in a futile effort to avert disaster. We know to our cost that politicians, faced with crisis at home, provoke war “to busy giddy minds with foreign quarrels.”
Unfortunately, this is just what Trump is doing. According to a CNN news report on Friday, May 28, “President Donald Trump launched a blistering attack on Beijing Friday, naming misdeeds that range from espionage to the violation of Hong Kong’s freedoms, and announced a slew of retaliatory measures that will plunge US-China relations deeper into crisis.
‘They’ve ripped off the United States like no one has ever done before,’ Trump said of China, as he decried the way Beijing has ‘raided our factories’ and ‘gutted’ American industry, casting Beijing as a central foil he will run against in the remaining months of his re-election campaign.The President also blasted Beijing for passing a national security law that fundamentally undermines Hong Kong’s autonomy, announcing that going forward the US will no longer grant Hong Kong special status on trade or in other areas and instead will apply the same restrictions to the territory it has in place with China.
Trump called out China for ‘espionage to steal our industrial secrets, of which there are many,’ announced steps to protect American investors from Chinese financial practices, accused Beijing of ‘unlawfully claiming territory in the Pacific Ocean’ and threatening freedom of navigation.