Trump the symptom not the cause of the trade war

Escalating trade tensions between the United States and China would have manifested with or without Donald Trump, experts said at the Singapore Summit on Saturday.

While the U.S. president’s “crazy” ways have worsened it, he’s only a symptom of world developments that have hastened the tensions, and not the cause, pointed out Dani Rodrik, a professor at Harvard University.

“I think we must not exaggerate the importance of Trump,” said Rodrik, who is a professor of international political economy at the John F Kennedy School of Government at Harvard.

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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