Krugman writes: "This is the way the trade war ends. Not with a bang but with empty bombast."
Economist Paul Krugman. (photo: Getty Images)
America the Cowardly Bully
06 March 19
What the world has learned from Trump’s trade war.
his is the way the trade war ends. Not with a bang but with empty bombast.
According to multiple news organizations, the U.S. and China are close to a deal that would effectively end trade hostilities. Under the reported deal, America would remove most of the tariffs it imposed last year. China, for its part, would end its retaliatory tariffs, make some changes to its investment and competition policies and direct state enterprises to buy specified amounts of U.S. agricultural and energy products.
The Trump administration will, of course, trumpet the deal as a triumph. In reality, however, it’s much ado about nothing much.
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