Given that Trump’s trade policy is currently (subject to change) directed at China, it’s amazing how many of the underlying assumptions concerning that nation are demonstrably false. From Ron Unz at unz.com:
In an amusing display of British pride and solipsism, the venerable Times of London once ran the headline “Fog in Channel – Continent Cut Off.”
Overly arrogant individuals sometimes find it difficult to recognize that they are not the center of the universe, and that instead they might actually be considerably less large and powerful than those they intend to overawe, cut off, or isolate.
This sort of notion was also famously expressed in a Bugs Bunny and Road Runner cartoon I remember seeing during my childhood. One of the Looney Tunes characters—I forget which one—was perched on the branch of a tree and idiotically decided to destroy his adversary by sawing it off. Since cartoons may easily defy physical laws, his ridiculous plan actually succeeded and that branch remained suspended in mid-air while the rest of the tree suddenly plummeted to the ground. But real life is considerably different than what was portrayed by Warner Brothers cartoonists.
Some may disagree. I’ve sometimes wondered whether the surprising trade policies that President Donald Trump announced over the last couple of weeks might have been inspired by those Bugs Bunny cartoons of the 1950s. Perhaps he assumed that they accurately portrayed real life events and decided to apply that same strategy to America’s international trade problems.
