Dollar vs. Yuan. Can China Dethrone the US Dollar?
“I’m no pawn, so be gone, speed on and on, Kill the king, tear him down”
—Ronnie James Dio
Many analysts talk about trade war as if it was something new and unexpected that started in 2017, and it is a basic error of diagnosis.
The world had been in a trade war for years. The United States has denounced trade barriers imposed by China, the EU and other countries for many years, and the World Trade Organization did little about it. The 2017 National Trade Estimate Report on Foreign Trade Barriers had more than 70 pages of direct barriers imposed on the export of U.S. goods and services.1
The United States also imposed trade barriers in the past. From the 2002 to2003 tariffs of the ...
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