Sometime soon, US President Donald Trump will announce his plan to respond to what the administration calls China’s “economic aggression”. When he does, it is not only China that needs to be prepared to respond. Together accounting for well over a third of global output, the collateral damage of a serious trade fight between the two countries would be enormous, let alone the damage caused to the two nations directly.
The risk of a serious clash is quite high. At Davos on Friday, Trump will quite likely reiterate his determination to right the wrongs of world trade, even as he affirms an American commitment to global economic leadership.
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WNU Editor: Many have been expecting/predicting this "trade war" for a very long time.
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