Trade-war not likely
Precisely
"Taking a legal case over exchange rate misalignments to the WTO would probably fail, and take years in any case. The only real route left is to unilaterally slap tariffs on Chinese imports to compensate for alleged currency undervaluation. That would be a nuclear option that really could spark the destruction of the postwar world trading system, and it doesn’t look like the US is quite desperate enough for that yet." Extract from Alan Beattie in the FT - Skirmishes are not all-out trade war
Posted on 03/15 at 10:50 AM.
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