Trade Winds

“China’s leaders have argued that they can outlast Mr. Trump in a trade standoff. Their authoritarian system can stifle dissent and quickly redirect resources, and they expect Washington to be gridlocked and come under pressure from voters feeling the pain of trade disruptions. But the Communist Party is vulnerable in its own way. It needs growth to justify its monopoly on power and is obsessed with preventing social instability.” NYT: Trump’s Trade War Is Rattling China’s Leaders.

+ Erdogan says Turkey will boycott US electronics.

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