“I think the expectation is that this is going to escalate and get worse rather than coming to a place of agreement or just going away,” said Putri Pascualy, managing director at investment firm PAAMCO Prisma. “The risk in the market is political and political risk for investors is very difficult to handicap.”….
Politico
Trump’s China battle heads into the danger zone
Doug Palmer
2 comments:
This made me laugh!
“This is not going to pass muster at the IMF. It’s not an intervention by China with an attempt to get an unfair advantage in export markets. That’s not what happened. What happened is the market drove the RMB down, thanks to the threat of a new round of tariffs," Hufbauer said.
So the US caused the problem and then blamed China for it.
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