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Audio Interview

US and China: are there any winners in a trade war?

Published on June 10, 2018   30 min

Other Talks in the Category: Finance, Accounting, & Economics

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Interviewer: Thank you for taking the time for this conversation on a bank holiday Monday. It's often said that there are no winners in a trade war, but what I would like to explore with you is your view on whether this common assertion is correct if we look at it at different levels, for example global, national, company, and the individual. Can we try to pick this apart starting global? Is it true that there are no winners? Mr. Wolf: It depends in part on what you mean by a trade war which is an extraordinarily loose term. If we are thinking of a trade war as a relatively modest increase in protection between two countries,it's sort of standard economics would suggest it's very unlikely that the world economy, as a whole, will be better off as a result, that is to say he will be able to afford in aggregate a higher standard of living.
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US and China: are there any winners in a trade war?

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