Trump's TV instincts destabilize global trade

Trump's TV instincts destabilize global trade

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Welcome back (if they were ever away) to the President Trump Show.

public dispute and military presence

This week the reality TV star deals as president with a violent public dispute with the richest man in the world, mobilized Hundreds of Marines and the National Guard to the heart of Los Angeles, bragged out with a trade "Deal" with China and threatened with "heavy weapons" against anyone who dares to do so, his Birthday parade to criticize

(Leave it to taste, producers of "Real Housewives".)

The Trump Show, like any staged drama, is formulaous and sometimes difficult to endure. But in contrast to most reality TV formats, the missions here are global and existential. We really can't look away.

Details on the trade frame remain unclear

icymi: Trump explained on Tuesday on his social media platform that "our deal with China has been completed". (Note: This is not a final deal, and it still has to be approved by the leaders of both sides. Similar to the United States' trading manual, it is a framework that could create future trade talks that could lead to a permanent agreement.)

The White House did not publish any details about what exactly is included in this context, but the negotiators stated that both countries approved to give in with decisive issues. In particular, China will allow American companies to continue to offer its monopoly-like range of Catalysts to magnets are used, and the USA will continue to enable Chinese students to enroll at American universities.

"good" news are a question of perspective. The current agreement basically brings the two trading partners back to where they were a month ago when the Geneva has started relaxation, like my colleague David " Goldman noted.

The tariffs for Chinese goods-the taxes paid by US importers-remain historically high. According to the current plan, the United States would continue to tax most Chinese imports with a set of 30 %. (This sentence has changed at least three times since the beginning of April, when Trump's trade war started.) The United States does not open to Chinese cars, and you will not sell any advanced AI chips to China in the near future.

The staging of chaos and propaganda

This chaotic trade narration is part of the Trump’s Kayfabe, in which it is difficult to distinguish what is real and what is not. He takes a wrecking ball approach to the status quo and then appears with a "deal", which he refers to as return to order.

set the house on fire. Drive up with a fire engine. Rinse, repeat.

This same manual is also partly the reason why a relatively small, local protest campaign in Los Angeles has turned into a national history against Trump's deportation efforts.

Trump, who sees an opportunity to win in the heart of a democratic stronghold, ignored the objections of California governor Gavin Newsom and sent thousands of members of the National Guard to the city. Instead of calming down the protests, this step has fueled the tensions and inspired more than a dozen similar demonstrations in cities across the United States.

The result: pictures of burning cars, tear gas and police in uprising are shown in the news, divided - who else? - the commander -in -chief.

"Trump conjures up a narrative of invasion and uprising", my colleague Stephen Collinson . "He exaggerates the disorder in the relatively incorporated riots, looting and protests in Los Angeles. And he indicates that he is ready to mobilize soldiers across the country to protect the country."