Trade Wars Are Easy To Lose

  • We are now entering the seriously ‘lose-lose’ part of the trade war, where economic rationality has gone out of the window and parties dig in.
  • While the damage accumulates and is nearing a tipping point, which party is going to blink first is determined by politics.
  • China has the advantage in that department, and it hasn’t even used its killer weapon much.
  • This isn’t going to end well.

Source: Trade Wars Are Easy To Lose | Seeking Alpha