Deutsche Bank: China Trade War Threat Is (Hopefully) A Trump Negotiating Ploy

It is time to think about what at one point was unthinkable, Deutsche Bank says in a November 28 report. With the Brexit vote and the US election “clearly” showing how conventional wisdom can backfire, the bank’s Chief Economist Zhiwei Zhang and Economist Li Zeng look at the potential winners and losers of a China trade war. Trump Tariff On Chinese Exports Would Kill China China only represents 16% of the US trade deficit, says Deutsche Bank The headline number that China accounts for nearly 50% of the US trade deficit is slightly misleading. In fact, when accounts are made…