fredag den 3. februar 2017

America’s forthcoming trade wars with China – and Germany

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DAILY BULLETIN
Friday 03 February 2017
America's forthcoming trade wars with China – and Germany
by Victor Hill | Economics | 11 mins. to read
Trade Wars
My Chinese friends tell me that the auguries of the Chinese New Year are mixed. In Chinese astrology each zodiac year is associated with an animal plus one of the five elements. 2017 is the Year of the Rooster and its element is fire. This is the first such combination since 1957.

The rooster is proud and confident, hardworking and punctual. Fire is associated with brilliance, warmth and passion. So the enthusiastic rooster combined with fire could herald a year of solid achievement. On the other hand, the rooster is also associated with aggression and fire with war. Of course, it might not be a hot war with ships and guns – although the Trump administration takes an uncompromising view of China's determination to militarise the disputed Spratly Islands in the South China Sea. Instead, it could be a trade war.

 
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QUOTE OF THE DAY

"You can never plan the future by the past."
                                                Edmund Burke
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