China Has a Nuclear Option in the Trade War [Bloomberg Business News]
Tesla, Inc. (TSLA)
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Today’s Agenda China vs. the U.S. Trump vs. immigrant families Central banks vs. democracy Recession signals Xi Jinping, not exactly sweating reelection. Photographer: Feng Li/Getty Images AsiaPac/Getty Images Bringing a Trade Knife to a Trade Gun Fight You go to trade war with the trade weapons you have, not the trade weapons you might want or wish to have at a later time. When Donald Rumsfeld said a variation on this back in 2004 , he was telling American troops to stop complaining about going to Iraq with inadequate gear. Today the U.S. is blustering into a different kind of war, a trade war with China, and it’s not clear it has the right weapons for this one, either. Trade wars are dumb and hurt everybody, but if you must launch one, the key is to make sure you don’t hurt yourself more than you hurt your opponent, points out David Fickling . So far in the early days of the war President Donald Trump seems eager to prosecute, U.S. tariffs
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