The Mere Threat Of A Trade War Is Posing Questions That China Can't Easily Answer

The real, and somewhat unreported, problem China faces is simply that its debt problems and its trade surplus with the U.S. are linked. It is the latter that generates the U.S. dollars used to inflate the credit bubble in China. For this reason, China cannot win a trade war against the U.S.

from Forbes - Leadership https://ift.tt/2JE06Zz