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Trump the symptom not the cause of the trade war

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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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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