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Trade War with China Could Last a Year

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“The United States’ trade war with China is likely to last much longer than originally thought — extending well into the second half of next year and perhaps beyond,” Axios reports.

“The main reason: Neither side is prepared to appear politically weak at home, and both are ready to absorb economic pain.”

“The winners of a one-year or longer trade war without resolution are not clear, but here are some of the probable losers: In the U.S.: Farmers, users of steel, and consumers… In China: Manufacturers of all types will see business leave to neighbors like Vietnam and Malaysia.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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