Washington foolish to defy economics law

The root cause for the repeated twists and turns in the China-US trade talks lies, to a great extent, in the United States' serious deviation from, and disdain for, the objective laws of economics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.

The US administration's often competing and clashing objectives - though many of them are understandable - cannot be realized simultaneously. For instance, the US hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.

A dream called sustainable reindustrialization