Why Trump Will Lose His Trade War

Trump has already lost his trade war against China

Beijing is hardly likely to roll over given its financial and global trading strength.

Why Trump Will Lose His Trade War

Paul Krugman: “Yesterday the Financial Times had a mostly good writeup of the stakes, which pointed out that US exports to China are ‘heavily focused on agriculture.’ The FT said that these goods are ‘low value-added,’ which I’m not sure is true — U.S. farming is highly productive and highly capital-intensive. But what matters in a trade war is the fact that China can fairly easily find other agricultural suppliers, buying soybeans from Brazil i…

The world's two largest powers are closer to a complete economic break than ever, as US President Trump and China's head of state Xi refuse to give in to the trade war triggered by the US. Last week, Trump had suspended most of the announced tariffs for the time being and announced a break of 90 days. However, he did not withdraw them from China. The special rate against China is 145 percent. In response to US goods, China raised 125 percent. Th…

Why Trump Could Lose His Trade War With China

Ezra Klein and Thomas L. Friedman.My colleague Tom Friedman thinks we’re screwed. That’s the first thing he told me when recounting his recent trip to China. It’s not just because of the trade war that President Trump is escalating right now. Friedman believes the whole Washington consensus on China — that the country is a hostile adversary — is dangerous and based on an outdated understanding of what China now is. He saw how China’s manufacturi…