The world economy has bloated out of shape for a long while now. Big corporations have marveled at low wages, abject labor standards and non-existent environmental legislation for far too long. Now, China and some peers find out that they don’t want to be the worlds’ sweatshop anymore but also that they have little else to offer for real. Globalization has far exceeded healthy limits and will reel itself back to more healthy structures as local providers eat global corporations from the inside out. The cycle takes another turn.
While global markets would hail a U.S.-China trade deal, fears are growing that the European Union could be the fall guy in any breakthrough, which would allow Donald Trump to turn his attention to German cars or French luxury wines.