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While some on our side are curiously loath to say it — at least out loud — President Donald Trump’s tit-for-tat tariff war with China could escalate into a full-blown trade war. The ultimate result is unknowable.
As I’ve previously written, dictator Xi Jinping and his pals in Beijing are arguably at least as concerned with being seen by the world as kowtowing to the United States as they are with the potential long-term impact on the communist giant’s economy.
With that monkey wrench thrown into the works, Beijing’s next move, or any subsequent move in response to potential moves by Trump, is even more unknowable than it otherwise would have been.
Now, according to some experts (yeah, I know: some of us loathe “experts,” or at the least dismiss them out of hand when their views don’t align with ours), delisting Chinese stock from American exchanges could provide a potentially powerful tool to the U.S.
Moreover, many Chinese companies have failed to fully comply with negotiated agreements and to abide by U.S. securities laws, as reported by Just the News. Yet, as is often the case when America allows other nations to compete unfavorably with ours, Chinese corporations continue to reap the benefits provided by participation in American financial markets.