Wealth Management Blog | WrapManager

U.S.-China Trade: More Than a Game of Chicken

Written by Gabriel Burczyk | November 2, 2011

Lord Abbett's Milton Ezrati discusses U.S.-China trade relations and the potential for Congress to label China as a "currency manipulator." "If Congress can label China a "currency manipulator," then tariffs aimed at China become likely, as does Chinese retaliation in a pattern that would hurt world trade, growth prospects in both countries, and asset values on both sides of the ocean and beyond."