US-China trade war nears year three, with relations at ‘alarming’ lowest ebb

© Alexlmx

The South China Morning Post has published a decent analysis of China-US trade relations – currently at an all-time low. Now being called the new cold war, tensions between the two are mounting, although China could decide to wait out the current US administration – should Trump be ousted in November. But it has stepped up its purchases of US goods, easing the trade deficit in May – although it has only bought 45% of the amount of goods required by the deal in the first five months of the year. Worth a read.

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