Thread by @bansisharma

1. China Trade Deal is All But Dead

Let's face it. There is no dealing with China on an equitable and normative basis. They just don't deal that way. An authoritarian streak is too ingrained in everything they do, and if unchecked, it will be very bad for the world.

2. We must strive to make the world as independent of China as possible. Fair trade with China will only be possible if and when China sees no other way to do business internationally. It will take a lot of hard work to get there.

3. For now, China needs to be squeezed real hard on trade. America can do it, but only if it puts up a unified front.

4. It's not out of the question, because despite the Democratic politicians angling for political advantage, a lot of Democratic establishment backers in the industry know and support a tough stance against China. So it's possible to form a solid political alliance domestically.

5. What would be most effective is to have a unified front along with Europe. It's time to have a heart-to-heart with our European allies. It's time to put our familial gripes on hold and join our economic might to go get China together.

6. Again, it's doable, but can President Trump do it? I know no one on the Democratic slate can. It's asking a lot of Trump to change his stripes. But then again, if he is looking for greatness, this is what he will have to be able to do. Let's hope he rises to the occasion.

7. For starters, President Trump needs to stop jawboning the Fed Chairman, and focus on explaining to America and the world why it is so important to confront China on their unfair trade practices, now.

8. President Trump needs to make not only an economic but a moral case as well. Letting China amass too much economic power through unfair trade is a recipe for disaster for all of humanity.

9. China will not use its emerging economic might to respect and expand liberty. Witness Hong Kong. So far as confronting China is concerned, President Trump must resist the temptation to use America First lingo. This is not only a China vs. U.S.A issue. This is China vs World.

10. Like I said, China trade deall is all but dead. The consequences will linger a long time. Economy will adjust, as it always does. The goal should be to accelerate the transition peacefully, deliberately, thoughtfully, and respectfully, but with determination and resolve.

11. Let the people of good will all over the world join hands to make it happen. Ask the people of good will all over the world, and most of all, ask all our allies to join us in making it happen. Godspeed!

The End

State Pressure Forces China Champion of Pro-Market Policies to Close

Beijing’s Unirule Institute, founded to promote economic liberalization and democracy, set to shut down after a quarter-century, citing government pressure.

wsj.com/articles/china…