Don’t be fooled by China’s as-yet muted response: a decades-long battle with the US over tariffs is a real, and scary, possibility
A trade war between China and the US that lasts 20 years or more is a barely believable idea. It offers an Orwellian vision of ceaseless and debilitating battles between trading blocs – battles that give politicians a convenient enemy and the leverage to impose themselves domestically.
Yet Jack Ma, the billionaire boss of Alibaba, one of China’s largest companies, says that everyone should prepare for a fight between the two mega-economies to drag on for at least the next two decades.
Link : A long trade war will leave the world feeling its piggy bank was robbed