onsdag 23. mai 2018

Paul Krugman: Why a Trade War With China Isn’t ‘Easy to Win’ (Slightly Wonkish)

At this point, it’s looking as if Trump’s tough talk on China trade will turn out to be as empty as his tough talk on, say drug prices. Faced with the prospect of actually going toe to toe with powerful interests – as opposed to doing harm to desperate immigrants, poor people who need health care, etc. – Trump keeps backing down, ignominiously. But what happened to all that bluster about trade wars being “good, and easy to win”?