Unsure how to handle Trump, China braces for ‘New Cold War’

Bloomberg/Peter Martin, Dandan Li, Brendan Scott, and Bill Faries/8-16-2018

“In government offices and think tanks, universities and state-run newsrooms, there is an urgent debate underway about what many here see as the hidden motive for Washington’s escalating trade war against President Xi Jinping’s government: A grand strategy, devised and led by Trump, to thwart China’s rise as a global power.”

USAGOLD note:  This lengthy article explores the possibility that the trade war is part and parcel of something much larger.  If it is, we might want to prepare for a much longer and protracted set of economic circumstances than originally anticipated most notably the potential for higher prices without the hope of an early settlement to belay the inflationary process.

 

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