Ron Insana: The market doesn't realize this is more than just a trade war, it's a new Cold War
Like the neoconservatives, Trump's closest advisors have all identified China as the foremost threat to the United States in the years, and decades, ahead.
Chinese President Xi Jinping chats with President Donald Trump during a welcome ceremony in Beijing on Nov. 9, 2017.Back in 1997, a group of neoconservatives founded "The Project for a New American Century." Regime change in Iraq was something that Bush campaigned on, although no one took him seriously at the time. No one should have been shocked when 9/11 served as a predicate for toppling Saddam in 2003. In some ways, it is reminiscent of the claim that we take President Donald Trump seriously, but not literally. Those who viewed Bush 43's Iraq comments seriously, but not literally, were somewhat taken aback when the U.S. moved on Iraq. They should not have been.
Like Bush, Trump appears to truly believe this is a war easily won with few adverse implications for the U.S.
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