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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