A trade war is the last thing that the already battered global economy needs.
The White House has finally admitted that Donald Trump’s trade wars were detrimental to the economy.
Both the US and China were willing to compromise to reach the first phase of their tariff agreement, but recent good news for the American president has left him emboldened, which should have Beijing worried.
[E]ven the announced part of the agreement might mean the beginning of the World Trade Organization’s end and create major threats to international trade.
The worst thing that Europe can do in the coming battle of the giants it to forget that it can also be one.
For the American president ... might is always right.
The commercial war between the largest economic powers in the world also motivated other countries to apply restrictions.
The World Bank forecasts growth below 2% in 2020 and 2021 and describes global expansion as fragile.
If the agreement is good news for Donald Trump’s voter base, it is even better for the country that will become the No. 1 economic superpower within a decade or two.