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I FORESEE TO WIN
NOTHING IS PERMANENT EXCEPT CHANGE

There is no shortage of precedents for the approach to the escalating trade dispute taken by Donald Trump and Xi Jinping. But if the US economy shows signs of falling into recession, Trump will need to blame someone – and in this case, we can be relatively certain about who that will be.

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“That system of rules and shared responsibility is now in danger of being torn apart,” Lagarde said, referring to the multilateral trade order she said helped bring millions out of poverty. “This would be an inexcusable, collective policy failure.” The U.S. and China have announced hundreds of billions of dollars worth of trade tariffs on […]

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