The Democrats take over the House of Representatives this week. The bulk of their power will be used to block Trump any which way. The one roadblock they won’t set up, however, is ending Trump’s trade war with China. “We expect the China trade war to become more entrenched in 2019,” says Cailin Birch, global economist at the Economist Intelligence Unit.
For starters, new House leader Nancy Pelosi is a China skeptic. It is unclear if any of her Bay Area constituents can flip her on this. But Pelosi was a critic of China’s joining the World Trade Organization, a move pushed by President Bill Clinton. She thinks China is a headwind for American workers.
For starters, new House leader Nancy Pelosi is a China skeptic. It is unclear if any of her Bay Area constituents can flip her on this. But Pelosi was a critic of China’s joining the World Trade Organization, a move pushed by President Bill Clinton. She thinks China is a headwind for American workers.
