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Title : Are We At The Start Of An Economic Cold War Between The China And The U.S.?
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Are We At The Start Of An Economic Cold War Between The China And The U.S.?

Jason Lee, Reuters

Shi Jiangtao, SCMP: Is this the start of an economic cold war between China and the United States?

* First it was the trade war and geopolitics, now Beijing and Washington are at odds over currency

US-China relations – already frayed by trade and geopolitical tensions – are threatening to unravel after Washington designated Beijing as a currency manipulator, raising fears of an economic cold war.

Diplomatic and economic analysts expressed concern about the bleak prospect for bilateral ties, which they say could accelerate the decoupling of the world’s two biggest economies.

The US Treasury Department made the announcement about Beijing on Monday at the request of US President Donald Trump, who pledged during his campaign to name China a currency manipulator on his first day in office.

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WNU Editor: I have always believed that China has been waging economic warfare for years. The only difference now is that some in the U.S. (and elsewhere) have figured this out, and are doing to China what China has been doing to everyone else for years.

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