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 […]
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 […]
Tariff Man Strikes Again
There are compelling reasons to assume that the U.S. goals in the trade dispute with China go way beyond just trade. The real goal is likely to slow the economic […]
The Real Risk Of The Trade War
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 […]
What Trade War Are We Having Will Determine What Happens To The Markets
Either President Trump wants to be able to announce a victory, or we are witnessing the first innings of a hegemonic clash between the existing and rising superpower. If the […]
Better Globalization
The US economy has created as much wealth as any advanced economy, if not more so, but many have been left out of this wealth creation altogether. Trade has been […]
The U.S. Is Ignoring The Progress China Has Made
China has a reputation for being a currency manipulator, having mercantilist trade practices, glaring disrespect for IP and depending on exports for growth. While these things were all true in […]
Investors Keep Ignoring The Trade War
For now, it has paid off buying the dips induced by increasing trade tensions. But as the economic damage of every new round of escalation increases, one can’t count on […]
A Lose-Lose Trade War
Assuming rational actors, a further escalation in the US trade war with China doesn’t make sense, as the upside is limited and the potential downside rather large. It is rational […]
What Does The U.S. Want From China?
The US government wants the Chinese to respect US intellectual property and a lower bilateral trade deficit. Unleashing a trade war isn’t likely to bring these goals closer, in fact […]