I’ve heard of clueless briar-patch strategies, but this one really takes the cake. Or a Golden Raspberry, perhaps.
Rumors have swirled the last few days that China’s Xi Jinping had compiled a precise set of retaliatory actions against the US in the trade war touched off by Donald Trump’s tariffs. Today’s report from Bloomberg doesn’t produce much evidence that Beijing understands anything about American economics, and especially about American politics. Instead, it looks more like Xi is cutting off his nose to spite his US propaganda face:
China announced it would curb imports of Hollywood films, opening a new front in its trade war with the US hours after President Donald Trump’s record tariffs took effect.
Authorities vowed on Thursday to “moderately reduce” the number of US movies allowed into the world’s second-largest economy — a step floated…
