In the US-China trade war, neither side wins. Photo: Reuters
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

One country is winning the trade war. It’s not the US and it’s not China

  • US President Donald Trump once claimed that trade wars are ‘good and easy to win’, yet in his tussle with China the data appears to be proving him wrong
  • That’s not to say there haven’t been any winners, though – they just might not be the ones you would think

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In the US-China trade war, neither side wins. Photo: Reuters
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Photo: Reuters
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

China thinks it can weather Trump’s trade storm. It can, but not for long. Likewise the US

  • Don’t hold your breath for a deal between Donald Trump and Xi Jinping at the G20 summit
  • China thinks its economy can ride out the trade war. In the short term, it’s right. In the long term, not so much. Likewise for the US

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Photo: Reuters
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