Originally Posted by
nsacpi
There is no doubt that China is more vulnerable to a tariff war than the U.S. And we are now seeing evidence of that. But the whole idea of winning a trade war is problematic. The "winning" side ends up being dragged down.
The right way to look at it is that trade is a win-win proposition for the most part. And trade wars are lose-lose. We need to be firm in areas (like protection of property rights) where China is a bad actor. But this tariff war approach is looking more and more counterproductive. And could trigger a global downturn.