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XUAN LOC DOAN
US President Donald Trump’s intensifying trade conflict with China is reckless and unfortunate, as it could hugely harm not only the world’s two biggest economies but also others. Yet China – or perhaps, more precisely, its “core” leader Xi Jinping – is also culpable for the current stalemate. In an opinion piece in USA Today on July 19, Chinese Ambassador to the United States Cui Tiankai said the US president’s trade war against China “is...
by John H. Cochrane via The Hill
One hundred and four years ago this August, the war to end all wars broke out. It was a war that nobody wanted. The world stumbled in to it almost by accident and then could not get out.
Desmond Lachman | Official Monetary and Financial Institutions Forum
President Trump’s trade policy suffers from the most basic of contradictions that doom it to failure. Trump wants to impose increased import restrictions on trade partners to help eliminate the US trade deficit. Yet, this administration is following policies that will increase the US budget deficit and will have the unintended consequence of strengthening the dollar. That combination is certain to cause the US trade deficit to widen rather than narrow.