In a trader's letter at Seeking Alpha, Nell Sloane says, “the prospect for protectionism and tariffs turning into currency wars, which then have a tendency to turn into hot wars, it is largely apparent this week things have certainly escalated.” Jonathan Hillman of CSIS says about tariffs and trade wars: “the hazards could be even greater than anyone wants to admit. As protectionist sentiment rises, so does the risk of war.” Will trade wars become real wars? “Trade wars” are
A few months ago, China's President Xi said: "We must refrain from seeking dominance and reject the zero-sum game, we must refrain from 'beggar thy neighbor' and reject power politics or hegemony while the strong bully the weak." The Zero-Sum Game he's talking about is in trade. China and the U.S. have placed or threatened tariffs on each other's goods. Some are calling that a "trade war." As noted before, trade is a Positive-Sum Game. Both sides are better off from trade, or
Recently, China President Xi Jinping gave a speech about China’s place in the world. He talked about Zero-Sum Games and (implicitly) Positive-Sum Games. CNBC reported: "In his speech, the Chinese president sold a vision of China as a benevolent leader of the global economy, emphasizing that open systems are the best course of action for the world. 'We must refrain from seeking dominance and reject the zero-sum game, we must refrain from 'beggar thy neighbor' and reject power
There are reports of a “Trade War” between the U.S. and China. CNBC reports:
Trade tensions, which have recently been in the spotlight, continued to simmer: The U.S. Trade Representative's office published its proposed list of around 1,300 Chinese imports that could be hit with tariffs.
In response, China said via an embassy statement it opposed the additional tariffs proposed and that "it is only polite to reciprocate," Reuters reported. China's ambassador to the U.S. also