1 Big Thing: The trade war with China will escalate
The latest from the White House is the threat to kick China out of the World Trade Organization. And while the news in Turkey is dominating the headlines, this is potentially more important because it signals how aggressive the Trump Administration will get in its trade war with China.
The only paper I have seen covering this is the conservative Washington Examiner. They write:
The chairman of the White House Council of Economic Advisers suggested Monday that the U.S. and other members of the World Trade Organization may have to kick China out of the world trade body if it doesn't start playing by the rules.
Kevin Hassett said China for too long has flouted intellectual property rights rules, and said it could find itself outside the WT...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.