Did China Just Win the Trade War? — Market Mad House
China just won the Great Trade War with the United States and nobody noticed. In fact, President Donald J. Trump (R-New York) could surrender on trade.
Trump is trying to return to the Bush/Obama era policy of ignoring Chinese trade abuses to keep export levels high, Business Insider’s Linette Lopez speculates. Lopez claims the Trump administration is proposing an end to all tariffs on Chinese goods.
In exchange, the Chinese could increase purchases of soybeans and other crops, Lopez notes. Tellingly, they grow…