us china trade war
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The South China Morning Post is reporting that the US is winning its trade war with China. With the Chinese market exporting five times as much to the US as goods coming the other way, the report claims the US administration knows it has the upper hand. Should the current tit-for-tat tariff spat escalate into a “full-blown” trade war, it even goes so far as to claim China’s annual growth rate could drop by as much a 1.5%, seriously denting the ability of the people’s republic to maintain its annual growth rate of 6-8%. Rather than going toe to toe, the report suggests reform would be the best move for China.

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