TYLER COWEN: China Loses More From This Trade War. “It is vulnerable because it is a much poorer country with more fragile political institutions.”
via bloomberg: To see why the full picture is more complicated, let’s say the U.S. slaps tariffs on the industrial inputs (whether materials or labor) it is buying from China. It is easy to see the immediate chain of higher costs for the U.S. businesses translating into higher prices for U.S. consumers, and that is what … Read more