The War on Trade: How US Protectionism Threatens Global Stability
Jan Dehn, Head of Research, Ashmore Investment Management
Published: 27 March 2018 04:24
The US has taken unilateral action to start a potential trade war with China. This is a policy mistake of gigantic proportions resting on a misunderstanding about how open economies work. The direction of US economic policy contrasts sharply with Chinese policies and we expect only a measured, proportional and targeted response from China, which will remain open to deeper trading ties with third countries, explains Ashmore's Jan Dehn.