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Trade war and more

By Gwynne Dyer       

The Chinese leaders are terrified because their economy is already trembling on the brink of a major recession. They dodged the last one in 2008 by flooding the economy with cheap credit.

Chinese President Xi Jinping and his people could decide to tough it out rather than lose face in its trade war with the U.S., writes columnist Gwynne Dyer. Photograph courtesy of Wikimedia Commons

London, U.K.—Donald Trump is playing hard ball with China over trade, and the worrywarts are fretting that he’s going to start a real trade war by accident. The bigger threat, however, is that he will push first China, and then the whole world, into a deep recession.

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