What Trade War?



US-China trade is booming, despite tariffs and the ongoing posturing on each side. It’s been 18 months since Trump signed the latest agreement, which is looking more and more like a truce. There’s no intention of resuming talks on either side, the focus is on competition, not communication. Which would seem counterproductive, since like any relationship, what you get out of it depends on what you put in. It looks like most of what is being put in these days is dollars and yen. Sounds like demand-pull inflation might be in the cards. Stay tuned…




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