Who will emerge as a winner in this trade war?
The main determinant to be a winner in this trade war is actually the country saving rate. The Chinese are savers but the Americans are spenders. In a trade war, the high saving rate will help the country to withstand the price hikes and support the economy. When the citizens have little savings, they will not support the country in a trade war and oust the government for causing them the miseries. This is a fact of life and Trump doesn't get it because he is a billionaire.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment