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Is this a U.S.-China Trade War or Just a Chaotic Negotiation?
It may seem like we are on the brink of a trade war Armageddon. Certainly, stock markets have reacted negatively to the threat of a trade war between the world’s two largest economies, the U.S. and China. But the reality is we are in the midst of a crude, clumsy and haphazard negotiating process — one that ultimately will be settled. The process of threat, bluster and bullying is typical of a property mogul’s approach. It likely works well in that market, but is anathema to diplomats and industrialists who prefer a more nuanced, thoughtful and largely (although not exclusively) collaborative approach. ... (full story)