The Economist (August 10)
2019/ 08/ 11 by jd in Global News
“Since the trade war began in 2018 the damage done to the global economy has been surprisingly slight.” No longer. “This week the picture darkened as the confrontation between America and China escalated, with more tariffs threatened and a bitter row erupting over China’s exchange rate.” Compromise is essential. “But for that to happen President Donald Trump and his advisers must rethink their strategy…. America cannot have a cheap currency, a trade conflict and a thriving economy.”
Tags: China, Compromise, Confrontation, Damage, Exchange rate, Global economy, Tariffs, Trade war, Trump, U.S.