CNBC, Released on 7/12/18
“The United States is hugely dependent on China as a source for low-cost goods to make ends meet for American consumers.”
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See also Inflation Alert! Fed Governor Philip N. Jefferson: "if you are willing to widen your lens to include a more commonplace definition, then it is possible to conclude that current monetary policy is, in fact, "on track."" "The bad news is that there has been little progress on core inflation."
The US is ‘on track to lose this trade war,’ says professor from CNBC.