LARRY KUDLOW: Mr. Xi Can Saber-Rattle, But Mr. Trump Has the Goods

In recent weeks he has watched America end his influence in Venezuela, the Panama Canal, soon it will be Cuba, and of course Iran. I mean Communist China’s buying 90 percent of Iran’s oil and gas exports.

But with Mr. Trump’s air-tight blockade of Iranian ports, China is starving for energy. They might make a deal with us, but that too remains to be seen if it comes under Treasury Man Scott Bessent’s investment board idea.

Meanwhile Mr. Trump has elbowed China out of the Middle East and out of the Western Hemisphere.

And on top of all that, China’s economy has never recovered from the real estate property crash of a couple years ago.

They used to post GDP growth rates of 15 percent or more. Now that’s down to 5 percent or even less, which is essentially for them a recession.

And if they have bad economic statistics cropping up, they have decided not to publish them at all.

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