U.S. and China both know a severe global recession is in the cards without a trade deal

It is hard to read current trade negotiations with the Chinese.

The attitude toward China today resembles that of Japan in the 1980s. The negotiations reminded me of the best-selling novel and film “Rising Sun,” dedicated to the fears about the rise of Japan, where there are complications around the takeover of troubled U.S. semiconductor company Microcon by the Japanese conglomerate Nakamoto. This film may be about the way the Japanese negotiate, but it is my experience that there are similarities with other Asian nations.

Notable lines from the film:

“We are playing that most American of games.”

“What’s that?”

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