- Since China is considerably more dependent upon the US market, at first sight, it looks like the US is in a strong position versus China to deal with trade frictions.
- However, there is an obvious way China can hit back on any US-imposed import tariffs, stop defending its currency and let it float.
- In the end, protectionism is likely to make everybody worse off.
Trump Vs. China, Round One
January 2nd, 2017 · No Comments
Tags: China · Economic Policy