Monday, January 9, 2017

Donald Trump: A Bull in a China Shop? 

China could retaliate in several ways that would cause serious damage to the United States if President-elect Donald Trump were to overplay his hand with the Asian nation, according to an Asia expert at the Atlantic Council. 

Noting that Trump has a “grotesquely inflated sense of American leverage,” Robert A. Manning, a senior fellow with the Atlantic Council’s Brent Scowcroft Center on International Security and its Strategic Foresight Initiative, said: “What would he do if China took its $1.3 trillion in Treasury bonds that fund our deficit and put it into euros? Our economies are very interdependent and there is a mutually assured destruction if we start getting into tit-for-tat trade wars.”


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