The trade war between the US and China is now in full bloom. And it's likely to escalate. My view here has been that China is more vulnerable in this bust-up than the US. Even so, I don't expect the Chinese to back down. On the contrary, what is happening now only reinforces the hardliners' view that China needs to lessen its dependence on the West and continue to power forward. So I anticipate China doubling down on its commitment to the the "Made in China 2025" initiative. Some comments below
First, here's where we are in the trade war
US President Trump has promised to escalate if China doesn't compromise. And so far, Trump has delivered on these promises, ratcheting up the number of goods subject to tariff each time. In this past round, Trump added a number of consumer goods to the tar...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
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.