- It is difficult to see the Chinese caving to the demands of the Trump government, which seem to involve a wholesale change of China’s economic model.
- Either some middle ground is found or we risk a serious escalation with multiple risks to the state of the world economy, with many known and unknown facilities.
- The end state could be a wholesale decoupling of the American and Chinese economies, and while some would applaud such an outcome, it’s unlikely to be better than what we’ve got.
The Real Risk Of The Trade War
May 19th, 2019 · No Comments