A Chinese woman adjusts a Chinese national flag next to U.S. national flags. Reuters
Asia Times: China would win trade war with US: Lardy
Says Trump tax changes will make trade deficit go up
China would likely win a trade war with the US if Washington decides to exert regulatory pressure on the world’s second-largest economy, top US China expert Nicholas Lardy said at a panel discussion in New York on Tuesday.
Lardy, senior fellow at the Peterson Institute for International Economics, was quoted by UPI as saying that the Chinese are better poised to counter the fallout that would result from such an economic clash.
He explained that trade deficits arise for more complicated reasons, and the Trump administration is simplifying the issue in blaming foreign governments, including China’s.
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WNU Editor: If a trade war breaks out between the U.S. and China .... both countries (and the global economy) will suffer. But I do not see China winning such a conflict. Maybe in the long term their industrial base will recover and deliver the goods that the world wants .... but in the short to medium term where much of their economy and government finances are dependent on huge trade surpluses with the U.S. .... a trade conflict is going to sting.
More News On The Growing Concerns Of A U.S. - China Trade War
China would win in a trade war with U.S., analyst says -- UPI
US to decide on trade sanctions against China this month -- Nikkei Asian Review
As Trump begins his second year, analysts see rising risks of a US trade war with China -- LA Times
Ask Huawei About The "Coming" US-China Trade War -- Forbes
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