Billionaire hedge fund manager Bill Ackman said China will need to strike a trade deal with the US quickly as it can’t win a drawn-out trade war that will do severe damage to its economy.
Billionaire hedge fund manager Bill Ackman said China will need to strike a trade deal with the US quickly as it can’t win a drawn-out trade war that will do severe damage to its economy.
1 Comments
awake01@lemmy.world · 1 pts · 1y
Ackman doesn't understand that China's economy is essentially the same as the gameshow Who's Line is it Anyway.... "The game is rigged and the points don't matter". China is off making deals with new trading partners. Meanwhile when consumers in the US start to see empty shelves at stores and hyper inflation things will get real fast in the US. I am already hearing complaints from soybean and pork producers. I keep hearing analysis that China will see revolution if it can't keep the populace fed and occupied. I would point to Mao and the cultural revolution. China has some massive differences from the US in terms of how it views human life. They will endure more suffering than Americans ever will. They have before and they will again.