The kind of debilitating sanctions America places on foreign politicians are now a tool against American politicians. Taste of their own medicine, and it’s driving them up the wall.Pompeo's bitch of a wife must be giving him hell; apparently she was particularly keen on abusing her husband's privileges as SECSTATE, going on taxpayer funded trips and holidays with her husband on "official capacity".
Now all of that has gone to shit now that sanctions have now been extended to the pompeo litter and the dweebs she's whelped.
You can see the chilling effect China's personalised sanctions have had on the Beltway, given how many politicians also aim for a cushy well paid gig after office.
I reckon for the first time, the normally pragmatic Chinese Foreign Ministry decided to make this one particularly personal and onerous, especially now that China has the heft and economic power to make or break US firms.The kind of debilitating sanctions America places on foreign politicians are now a tool against American politicians. Taste of their own medicine, and it’s driving them up the wall.
Biden Promised to Confront China with an 'Alliance of Values.' Europe said No, Thanks
US is not in a position to wage a trade war, due to economic recession, uncontrolled pandemic, and massive civil unrest (BLM or political polarization).
China is in a robust position to wage a trade war, due to economic robustness, largely controlled pandemic within it's border, and largely stable civil society.
If I had to bet, I would bet on Chinese stocks. Despite all his "Tough" Rhetoric from Biden (which is aimed at domestic audience), he has no appetite to continue Trump's disastrous failures. If anything, he can claim he boosted business confidence and GDP growth by ending the US-China trade war.
[[Citation needed]]In the last 20 years:
The Shanghai stock market has increased from 2100 to 3500 (or 67%).
In the same period the US stock market has increased from 10500 to 31000 (or 195%).
If you had bet on Chinese stocks you would have lost.