Drudge Retort: The Other Side of the News
Thursday, November 07, 2019

The pressure on China from the Donald Trump administration is likely to continue or even intensify leading up to next year's US election because the strategy behind its trade war with Beijing is driven by political logic, US financial experts have said.

That is why the strategy may seem economically illogical or even counterproductive at times, according to experts at the US-China trade and economics seminar at Washington think tank the Peterson Institute for International Economics on Wednesday. The event spotlighted deep and growing divisions between the two giants.

"I certainly agree the objectives of the US are confusing," said Mary Lovely, a Peterson senior fellow. But "on the US side, there is a lot of confusion about Chinese intent and action", she added.

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The plan likely is that a major deal with China will be worked out, middle to end of the summer of next year. Just in time to give Trump the boost he needs for the election.

#1 | Posted by Whatsleft at 2019-11-09 12:58 PM | Reply

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Drudge Retort