Is China Prepared for a Prolonged Trade War with the United States?
Tariffs/ Taxes, Trade
September 28, 2018
Siva Yam, Paul Nash
According to the Chinese zodiac, 2018 is the Year of the Dog (or Wùxi). In the Chinese sexagenary cycle, which historically was used for reckoning time in China, the dog symbolizes luck. According to Chinese folk religion, the year of the dog, which recurs every 12 years in the cycle, is considered a challenging year in which harmony is crucial to achieving prosperity. So far, 2018 has proven to be extraordinary in this respect, since the desire to achieve harmony in U.S.-China trade relationship—the largest bilateral trading relationship in human history—has been overshadowed by continued disputes and accusations of unfair practices...