Trade War with China Could Last a Year

“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.”