Opinion | How Donald Trump is helping China4 min read . Updated: 06 Nov 2018, 02:44 AM IST
China has failed to translate capital inflow into a current-account deficit that would finance increased domestic investment and/or consumption
The Sino-American trade war, initiated early this year by US President Donald Trump’s administration, is escalating rapidly. Already, the Trump administration has imposed an additional 25% tariff on $50 billion worth of Chinese goods, and an additional 10% tariff on goods worth another $200 billion. Unless the leaders of the two countries can strike a deal at next month’s G20 meeting in Buenos Aires, the situation is likely to worsen. That’s better news for China than it is for the US.
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