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Are U.S.-Chinese tariffs on almost everything the 'new normal'?

davfordavfor
in Off-Topic
This sounds about right assuming major decoupling doesn't occur.....at least until election season passes....
In 2009, Mohamed El-Erian of Pacific Investment Management used the phrase “the new normal” to describe a post-financial crisis landscape of low growth and low interest rates.

A decade later, the “new normal” could be shaping up to be indefinite, hefty U.S tariffs on the majority of Chinese imports and substantial Chinese tariffs on most U.S. goods - a constant drag on the global economy and no fundamental change in Beijing’s behavior.
https://reuters.com/article/us-usa-trade-china-costs-analysis/are-u-s-chinese-tariffs-on-almost-everything-the-new-normal-idUSKBN1WT1OI

Comments

  • Sven
    It is too early to say it is a done deal. Friday meeting amounted a hand shake, nothing more. Only believe it when there are sign agreement from both parties. Also there are supposedly several parts with each one are more challenging.
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