November 20, 2018
Well, well, well!
It appears that China is footing the bill for the trade war with the U.S.
According to the Bloomberg editorial:
"That’s the conclusion of a new paper from EconPol Europe, a network of researchers in the European Union. U.S. companies and consumers will only pay 4.5 percent more after the nation imposed 25 percent tariffs on $250 billion of Chinese goods, and the other 20.5 percent toll will fall on Chinese producers, according to authors Benedikt Zoller-Rydzek and Gabriel Felbermayr.
China Is Paying for Most of Trump’s Trade War, Research Says"
End excerpt.
I've said all along China has a lot more to lose than do we. Their economy is completely tied to ours; the reverse isn't true. If China wants to fight they will lose. It's better for them - for everyone really - to start behaving honestly in world markets.
Posted by: Timothy Birdnow at
11:46 AM
| Comments (1)
| Add Comment
Post contains 152 words, total size 1 kb.
Posted by: josef smith at November 22, 2018 03:12 AM (XxuSM)
37 queries taking 0.4838 seconds, 158 records returned.
Powered by Minx 1.1.6c-pink.