Even Trump may ultimately retreat from the cost of the China trade war

The president’s bullish advisers may be taking a hard line, but the chances of a deal are better than they look

During Donald Trump’s campaign to be president, he regularly cited China’s export subsidies as “evil”, and in his manifesto he pledged to “cut a better deal with China that helps American businesses and workers compete”.

The president turned decades of musings into a policy mission after his son-in-law, Jared Kushner, handed him a book by the academics Peter Navarro and Greg Autry – Death by China – which set out to explain how China manipulated the global trade system for its own ends.

Continue reading...

from US news | The Guardian http://bit.ly/2YpFUSt