It's a simplistic article appropriate for a news agency that actually publishes stories containing "Ugh. Really?", but practically, it's not exactly wrong. Trump has no chance of signing any legislation to move companies out of China. Best chance, aside from tariffs (which come with negative short-term consequences for his election chances), he can try to get the Senate to write some kind of free trade agreement to grant extra favors to China's neighbors, though we've already had free-trade arrangements with countries like Vietnam and Malaysia for over a decade. I don't think the author is wrong in that Trump's threats are toothless. If maybe Trump called out Congressmen and Senators by name for having approved China's most-favored-nation status, or if he had smart people on his team willing to draw up legislation to enact Trump's goals, his threats would carry a lot more weight.
I mean, presidents in general can do very little these days without the approval of a thousand unelected bureaucrats. The presidency has hardly ever been weaker, war powers aside.
I did. Tariffs are a risky proposal that American consumers end up paying for. They also make wealthy stockholders jittery and prone to sell-offs and dropping index prices, which causes Trump to whine to the Fed via Twitter. Maybe it will pay off in the long-run, it will take time for competition in Vietnam, Malaysia, Thailand, Bangladesh, etcetc to become viable replacements for Chinese goods, but Trump doesn't have that kind of time.
Best chance, aside from tariffs (which come with negative short-term consequences for his election chances), he can try to get the Senate to write some kind of free trade agreement to grant extra favors to China's neighbors, though we've already had free-trade arrangements with countries like Vietnam and Malaysia for over a decade. I don't think the author is wrong in that Trump's threats are toothless. If maybe Trump called out Congressmen and Senators by name for having approved China's most-favored-nation status, or if he had smart people on his team willing to draw up legislation to enact Trump's goals, his threats would carry a lot more weight.
I mean, presidents in general can do very little these days without the approval of a thousand unelected bureaucrats. The presidency has hardly ever been weaker, war powers aside.