IS CHINA POWERLESS AGAINST TRUMP?
On Fox News Sunday (12/11), with a single incendiary comment on Taiwanese independence, US president-elect Donald Trump has abrogated a central tenet of US foreign policy for the last 37 years and seems to have picked a deliberate fight with China.
Mr. Trump’s language ereyesterday was explicit: “I fully understand the ‘One China policy, but don’t know why we have to be bound by a One China policy unless we make a deal with China having to do with other things, including trade.” This is a bombshell.
The world’s two superpowers are now heading for a showdown on a neuralgic strategic issue, greatly raising the risk of a trade war and a fundamental breakdown of the global commercial system.
However…there is little that Beijing can do to damage the US without hurting itself far more. China’s financial options are limited. Veiled threats to detonate a US debt crisis by selling Beijing’s $1.157 trillion of US Treasury bonds, to take just one example, are mere bluster.
So what can China do regarding the wily presidential deal-maker?













