Shilling: We’re Already in a Trade War with China

Jon Economy, Market Commentary, Politics

Gary Shilling, editor of A. Gary Shilling’s Insight and author of The Age of Deleveraging, told Financial Sense Newshour that the US has the upper hand in a trade war with China that was already underway before Trump’s election.
Here’s some of what Shilling had to say on our podcast (see Gary Shilling: US Holds Upper Hand in Trade Environment for the full audio).
Trade War Conditions
One of the big concerns about President Trump’s recent rhetoric has been the possibility of protectionist actions sparking a trade war. For Shilling, however, this was already happening, even before the election.
‘I think we’re already in a trade war,’ he said. ‘Of course, in any war, it’s the other side that’s always the bad guys…but I think any reasonable person looking at it objectively would say that China’s been running very much a mercantilist policy.’

This post was published at FinancialSense on 02/24/2017.