|Who will blink at Buenos Aires? Anyone? Noone?|
In today's print edition article "This could go either way. Either way, it's bad" (not yet online) he ends up with this scary prediction:
"... it matters little whether Trump and Xi manage to strike a deal in trade tariffs in Buenos Aires next week. The US and China are heading for an epochal economic Cold War that will sour international relations for a generation to come." [my emphasis]
And in the article headlined above and linked here, from last week:
And while it is debatable whether globalisation was ever quite the force in averting international conflict that its advocates claimed, it is a safe bet that de-globalisation is never exactly going to promote the cause of peace and harmony between nations. Protectionism on national security grounds is a threat to everyone's security.
I'm hoping Tom's got this wrong. But if not, then in my old-old age I'm going to be asking "was it worth it?".
The whole Trump taking on China because "protectionism is good" and "winning a trade war is easy" thing .... was it worth it?
As Trump says "we'll see". So far, not so good...