Via Evergreen Gavekal blog,
“Dear America, appreciate your allies – after all, you don’t have that many.”
-DONALD TUSK, European Union (EU) Council President on Tuesday
In March, Evergreen outlined our near- and long-term concern for an escalating trade war in The Trump Trade Tirade. Well, ladies and gentlemen, it seems as if the worst has come is coming to fruition.
Last Friday, no more than 48 hours after 4th of July fireworks stopped ringing, duties on $34bn of Chinese...