Bad earnings by US firms puts pressure on China? I mean, OK, but…

This is, I suppose, true so far as it goes. The problem is that it doesn’t go nearly far enough in the right direction.

White House economic adviser Kevin Hassett said Thursday that “it’s not going to be just Apple” that faces revenue shortfalls as a result of the trade tensions initiated by President Donald Trump between the United States and China.

“It’s not going to be just Apple,” Hassett, the chairman of the Council of Economic Advisers, said. “I think that there are a heck of a lot of U.S. companies that have a lot of sales in China that are basically going to be watching their earnings be downgraded next year until we get a deal with China. And I think that that puts a lot of pressure on China to make a deal.”

Source: WH Economic Adviser: ‘Not Going To Be Just Apple’ Feeling Effects Of China Trade War – Talking Points Memo

Yeah, over time this would put pressure on China’s political system. But much more quickly, it’s going to put pressure on the parts of America’s political system that began this trade war, including but not limited to the White House this dude is advising. So, like…I mean, OK, but also…?

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