“#China cannot inflict as much pain on the #US as it receives, since it runs the big #trade surplus &…still has more to lose from export controls," said Arthur Kroeber, head of research at Gavekal.
"But that is now beside the point. The signal from Beijing's move is that it will push back on US efforts at #domination, & that it is perfectly happy to settle into a war of economic attrition."
#Trump #tariffs #economy #inflation #recession #geopolitics #RevengePolitics
https://www.reuters.com/markets/limited-options-push-china-into-trade-war-attrition-with-trump-2025-04-08/
npub1z6…dqah3
2025-04-08 18:37:18 UTC
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wss://relay.momostr.pinkPublished at
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