Those who hope worst is over in the trade war the US is conducting against China might be very wrong, wrote economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, last week, according to Goldseek.com.
Gavekal’s Arthur Kroeber pointed out in a bulletin this week (which Over My Shoulder members can read here) “the forces pawing the ground for a fight with China are far stronger, and the reins on them far weaker, than was the case in the NAFTA and trans-Atlantic scuffles.” He also points out that US businesses with China exposure are caught in the middle and not trying to fight the White House on this.
Kroeber also highlighted this Axios report that the Trump administration is planning a major broadside against China in the next few weeks. That means the relief markets are presently feeling may not last long.
Are you looking for more experts on the ongoing trade war between the US and China? Do check out this list.