US-China trade war unsustainable: Expert predicts eventual resolution

Barry Eichengreen, distinguished professor at the University of California Berkeley, says a trade deal of sorts between the U.S. and China will be signed as a complete breakdown is “too expensive” for both parties. He adds that attempts to internationalize the renminbi is going through a rough patch, and that he is more worried than ever about the dominance and reserve currency status of the U.S. dollar.

7 件のコメント

  • China is very poor after supplies material to make chips and they don’t want to sale back China whole world.

  • China should NOT enter into any deal…. Its clear, once the US gets what it wants, it will back to the usual ‘new attack of the week’ be it, Ship port tax, new entity list changes, Russia bans (even on flying over Russia), etc…

    Its time for China to cut lose and focus on real partners… It tried the nice win win route, even in 2008 but was backstabbed by the US straight after..

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