Labourers at work at a steel plant in Shandong province, China, last July. The US is considering a steep tariff on Chinese steel imports as part of President Donald Trump’s America First policy. Photo: Reuters
Why the US doesn’t have the stomach or the strategy for a full-blown trade war with East Asia
Andy Xie says the US has neither the stomach for a recession nor a coherent industrial policy, the two elements needed to engage in a real trade war with Asia
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Trade
Labourers at work at a steel plant in Shandong province, China, last July. The US is considering a steep tariff on Chinese steel imports as part of President Donald Trump’s America First policy. Photo: Reuters