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. Senior administration officials tell Axios that a trade deal with China isn't close and that the U.S. could be in for a long trade war. The state of play: A senior administration official said the differences between the two sides are so profound that, based on his read of the situation, he can't see the fight getting resolved before the end of the year. Estimates of the trade war’s duration were distributed fairly evenly in a range of three months to three years, with a median estimate of 12 months. But increasingly, the trade war with China looks likely to drag on for several more months and potentially until 2021.
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. Senior administration officials tell Axios that a trade deal with China isn't close and that the U.S. could be in for a long trade war. The state of play: A senior administration official said the differences between the two sides are so profound that, based on his read of the situation, he can't see the fight getting resolved before the end of the year. Estimates of the trade war’s duration were distributed fairly evenly in a range of three months to three years, with a median estimate of 12 months. But increasingly, the trade war with China looks likely to drag on for several more months and potentially until 2021.
Though Xi didn’t mention the US or the ongoing trade war, the remarks were seen as a clear signal that China was not going to cave to President Trump’s demands anytime soon. Chinese Vice Premier Liu He, a top trade negotiator, accompanied Xi on the tour, the paper reported. A lot of market commentary sees tariffs and the trade war as temporary events. A U.S.-China trade deal, the thinking goes, will sound the "all clear" signal for markets and the economy. With President Trump's long-term approach to trade policy, the United States is in a good position to make up for the misguided policies of the past, which resulted in millions of lost jobs and The trade war could last “maybe 20 years,” according to Jack Ma, founder and until recently head of e-commerce juggernaut Alibaba Group: Estimates of the trade war’s duration were distributed fairly evenly in a range of three months to three years, with a median estimate of 12 months. A trade war happens when one country raises tariffs on another country's imports in response to increased tariffs from the first country. Trade wars are a side effect of protectionist policies. Trade wars are controversial.
Looking back on a long trade war We're devoting most of today's show to the trade war: how we got here, what tensions still remain and how it's impacted people, businesses and regulators both here
4 Dec 2019 The greenback ended lower across the board on Tuesday on renewed US-China trade concerns after President Donald Trump said a trade A trade war is when a nation imposes tariffs or quotas on imports and foreign countries retaliate with similar forms of trade protectionism. As it escalates, a trade war reduces international trade. A trade war starts when a nation attempts to protect its domestic industry and create jobs. Just two weeks ago, the United States and China seemed to be gliding toward a trade deal meant to resolve tensions between the world’s two largest economies. But the breakdown in talks since — the United States raised tariffs to 25 percent on $200 billion of Chinese imports, Though Xi didn’t mention the US or the ongoing trade war, the remarks were seen as a clear signal that China was not going to cave to President Trump’s demands anytime soon. Chinese Vice Premier Liu He, a top trade negotiator, accompanied Xi on the tour, the paper reported. A lot of market commentary sees tariffs and the trade war as temporary events. A U.S.-China trade deal, the thinking goes, will sound the "all clear" signal for markets and the economy.