President Donald Trump and Chinese President Xi Jinping are caught in a growing dispute over trade and, more broadly, the significant differences between their two very different political economies. Tough as it is to predict the future, there are some signs as to who will be the winners and losers.
Trump calls the dispute “a little squabble,” and in economic terms the threat of conflict with China does seem minimal. The retaliatory tariffs China unveiled last week, for example, won’t significantly slow the American economy, cutting economic growth by about a tenth of a percentage point next year if the spat isn’t ended, according to Oxford Economics and Moody’s Analytics…
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