This Is What A Trade War With China Would Actually Look Like
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 9 April 2018
⏱️ 42 minutes
🧾️ Download transcript
Summary
Recent threats to impose tariffs on Chinese goods, coupled with China's own retaliatory announcements have raised the prospects of a trade war between the world's two biggest economies. But what is a trade war, and what would be the economic ramifications if there were one? Brad Setser, the Steven A. Tananbaum senior fellow for international economics at the Council on Foreign Relations, joins us on this week’s Odd Lots to help answer those questions. Brad has been writing about trade issues for many years, and explains what exactly we're seeing now, how the current trade actions differ from standard moves on trade, and where ultimately all these actions might go.
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| 1:19.0 | Well, there's any number of things at the moment but I think I know what you're talking about. It's trade, right? |
| 1:24.0 | Yeah, but you're actually right that we're in this moment for markets where there just seems to be a lot going on again, lots of different crosswinds and narratives and themes whether it's |
| 1:35.0 | anxiety about rising inflation concern about the Fed the changing |
| 1:40.9 | leadership in the market with regards to tech stocks and now as you say |
| 1:45.5 | trade has really come to the fore as a major thing that people are trying to wrap |
| 1:49.4 | their heads around. Right so what we've seen just over the past couple of weeks is the Trump administration unveiled a big set of tariffs on goods imported from China and then China retaliated. They announced I think it was tariffs on about 50 billion dollars worth of goods including |
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