Friday Focus: America and China’s trade war is destabilizing the global economy
Friday Focus: America and China’s trade war is destabilizing the global economy
Rudyard and Janice open the show talking about the escalating trade war between the US and China. The pace and magnitude of this growing dispute are destabilizing the global economy and forcing both countries down a dangerous path. Instead of talking to China about trade, Trump should be talking to Xi about growing domestic consumption in China so that their exports don’t destroy foreign industries. In the second half of the show Rudyard and Janice predict how this trade dispute will play out: which leader will blink first? Is there another leader – an ally of both countries – who can step in to resolve this? And how will China react to the strangling of their economy? On this point they both agree: we are in a dangerous and unstable period, and Donald Trump is the most erratic decision maker that has ever been in charge of a nuclear power.
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