From trade war to currency war. Global economy braces for difficult times ahead (Video)
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the trade and tariff war that has now escalated into a currency war between the U.S. and China.
Many investors and analysts believe that China’s retaliation measures, which could hurt Chinese businesses, are focused on weakening Trump’s chances to win the White House in 2020 so China could have a Democratic leader to negotiate an easier deal.
Trump continues to push the US towards a protectionist economy, with the aim of bringing back manufacturing.
