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Is the US preparing to slam China back into the dark ages?

David Llewellyn-Smith
Friday 29 June 2018
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OK, so the rhetoric of trade war is heating up fast. And it’s not all talk. The US is about to impose tens of billions in tariffs on China. With hundreds of billions more in the pipeline.

China meanwhile is crashing the yuan and preparing the troops, via Bloomie:

President Xi Jinping presided over a meeting of China’s highest decision-making body for the first time to discuss China-US relations, according to Sassan Ghahramani, CEO of SGH Macro Advisors, in a note to clients.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.