Trade War: The Free Lunch Is Over

  • So far, the trade war with China, which has been fought on a host of misconceptions, has not produced serious economic consequences for the US economy and markets.
  • But after the latest escalation, that benign outcome can no longer be guaranteed. Any further escalation risks doing serious damage to the US markets and economy.
  • The Chinese are essentially calling the President’s bluff, but it remains to be seen how he responds.

Source: Trade War: The Free Lunch Is Over | Seeking Alpha