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Trump Vs. China, Round One

January 2nd, 2017 · No Comments

  • 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

Tags: China · Economic Policy