I am honestly not sure that a de facto trade embargo with China is actually better than what we had on April 2 to begin with...
Reposted from
Jacob T. Levy
It's good that Trump partly folded in response to EU retaliation & a stock market collapse, but a 10% tariff on the world and 125% on China, plus an added atmosphere of chaos and unpredictability, is so much worse than the status quo ante that we would have been called alarmists for predicting it.
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The big question...Trump’s actions...setting allies scrambling ...will make such a strategy more difficult to pursue."
-Anthony Zurcher BBC