HSBC: Trade War With China Unlikely because It Would Badly Hurt Both Countries

China Trade War- one major bank doubts it and now another one agrees. During his campaign, president-elect Donald Trump threatened steep tariffs against China, which he accuses of manipulating its currency to favor exports, and also pledged to bring back jobs from the world’s largest manufacturing hub. Analysts, of course, have sought to look beyond the rhetoric and a near consensus eliminates the possibility of an all-out trade war. Trump Tariff On Chinese Exports Would Kill China Now HSBC has come up with an analysis that should further dispel those fears. The British bank said it studied the potential impact…