Thursday, April 5, 2018

A potential trade war is scary, but the US has a legitimate beef with China

A potential trade war is scary, but the US has a legitimate beef with China


  • Though President Trump has come under fire for his tariff actions, the U.S. has been at the short end of a number of trade deals.
  • Trump has announced a list of 1,300 Chinese goods subject to tariff, prompting retaliation against U.S. products.
  • Economist Alan Blinder likens the moves to the brinkmanship practiced during the Cold War.
  • "A threat of a trade war that doesn't erupt into an actual trade war could conceivably do some good. But it's playing with fire," Blinder says.