A Chinese Deflationary Tsunami Is Headed For Europe
2 Articles
2 Articles
Europe risks taking a deflationary punch from Beijing. Get ready to see the trade deficit explode - Economic Scenarios
In the clash between China and the USA over tariffs, Europe risks ending up like the earthenware pot among the iron pots and taking a good deflationary slap and, without an adequate tariff policy, seeing its bilateral trade balance with Beijing collapse. China will try to defend itself from Trump's super-tariffs, and not go into crisis. To do this it will have to carry out "Tariff Arbitrage", that is, move exports from markets where duties are a…
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