US President Donald Trump has postponed by two weeks the implementation of the latest round of tariffs on $250 billion worth of Chinese goods. He called his move a ‘gesture of good will.’
The move followed Beijing’s exemption of 16 types of US-made goods from additional tariffs.Professor Richard Wolff tells Boom Bust that it is just a pattern of how Trump “exaggerates and attacks.” The Chinese “take their time, wait a little bit, and come back with less of intensity that Trump showed.”
Wolff notes that after Beijing’s announcement, “Trump threw another tweet out there, emphasizing how much they have lost, how desperate they must be when in fact for the whole world what you see is desperate aggressive behavior by the Trump administration and a very moderate response by the Chinese.”
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