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Currency War or Trade War? Two-Edged Dilemma for US and China 

By: capt_nemo in POPE 5 | Recommend this post (1)
Mon, 10 Jun 19 7:38 AM | 29 view(s)
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Trade Deficit Timeline

The US trade deficit with China blasted higher starting in 2004.
Despite a 26% appreciation in the yuan (Renminbi) starting 2005, the US trade deficit blast continued.
From 2015 until the second quarter of 2018, the trade deficit with China shrank.
From the moment Trump launched tariffs in July of 2018, the trade deficit shrinkage reversed.
Trade War Timeline

China Briefing has a Trade War Timeline.

It pegs the start as July 6, 2018. That's when Trump first announced tariffs on China.

I would place the date at March 2, 2018. That's when Trump made this inane Tweet.


more,,,,,,,,,,,,,,,

http://moneymaven.io/mishtalk/economics/currency-war-or-trade-war-two-edged-dilemma-for-us-and-china-Tfp9AQpSlEmMwQsesxgq1w/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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