Published: May 10, 2019
Trade talks between the world’s economic powerhouses is reminiscent of the cold war
The trade war that has been simmering between the US and China has entered a new and dangerous phase. Without question, the world is now closer to a full-blown trade war than it has been since the 1930s.
The issue now is whether the two sides can step back to the brink. So far, financial markets think the standoff is akin to the Cuban missile crisis of October 1962, the closest America and the Soviet Union came to nuclear conflict during the cold war.
Continue reading...from The Guardian http://bit.ly/2PWgBEx
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