Was it President Trump’s intention all along that trade talks with China fail? That’s the contention of ‘Farmer,’ a long-time subscriber who lives in Nairobi. He posted earlier today as follows in the Coffee House, a chat room that runs alongside the Rick’s Picks Trading Room:
“Just for perspective, the average dollar volume of imports being bought from Russia is only $18 billion during the past five years. That’s just 4% of the goods imported from China. Why? Because after decades as a nuclear cold war adversary, it was seen as ill advised to be running massive deficits with a country we were threatened by. It is not that Russia could not supply goods cheaply that American consumers needed. They have always been technologically advanced. But if they had been favored over China with billions of dollars of orders in hand, they would be the most powerful nation in Eurasia today.