Posted by ks55 > 2019-06-25 10:38 | Report Abuse

President Xi - Donald Duck meeting on 28 or 29th Jun is a non-event.
Simply this Duck is not sincere, trying to shift the blame on to China as an excuse to further escalate trade war.

You will find temporary cease fire for 2 months, then this Duck (or Dick to be referred later) will go all out offensive starting with 25% tariff on additional 300 billion Chinese goods, then forbid all its allies to trade with China or at least raise tariff against Chinese goods.

Too bad the world is now divided into 2 trading blocs.
Either you trade with China, or you trade with US.

117 countries have China as biggest trading partners, whereas most developed nations heavily dependence on US.

If you choose to be on US side, you will have to forgo market for 1.4 billion population. And that is rapidly growing to be the world biggest consumer market for everything, from raw material to luxury goods........

Posted by ks55 > 2019-06-25 10:49 | Report Abuse

China already taking steps to reduce exposure to US bonds.

With the proceeds, China is building up gold reserve and Euros.

China also taking steps to to deal with third countries without using USD.

Can you imagine if the world trade is not in USD?
USD will fare?
The Dick (aka Donald Duck) will have to cry father cry mother how come this world is so cruel to USD.
Gold will be up to $3000 for an ounce.
USD will collapse when every central banks starting to sell USD and convert into gold or RMB........