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Opinion

The Trade Game

The Trade Game
President Donald Trump signs trade sanctions against China in the Diplomatic Reception Room of the White House in Washington, DC, on March 22, 2018. The United States will impose tariffs up to $60 billion on Chinese goods to retaliate against the alleged theft of American intellectual property, Trump said. MANDEL NGAN/AFP/Getty Images
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The risk of a trade war between China and the United States has been simmering below the surface ever since Donald Trump became president in 2016. In early 2018, the word “risk” is gone, and the trade war has become a reality.

As usual, the mainstream media blames Trump for wreaking havoc on the stock market and disrupting the status quo the mainstream media loves so much. Yet the president is just fulfilling one of his campaign promises—and, in this case, a tougher stance against China is fully justified.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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