lørdag 18. mai 2019

No trade deal? Why China should walk away and hit back at the US, in the sectors where it really hurts

An unrealistic calm surrounds the US-China trade talks after tariffs of 25 per cent were imposed on US-bound goods leaving Chinese ports from last Friday. Stock markets in the US and China that should be in free fall over the implications of a trade conflict on this scale instead quietly rallied. US President Donald Trump would, in normal circumstances, be taking to Twitter to justify a breakdown that has potentially massive cost implications for US companies, consumers and voters. Instead, there is restraint, as the US side
says talks have been “constructive”.