Morrison makes a decent fist of trade war

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Nice scoop today from The Diplomat alumnus Hans van Leeuwen at the AFR with ScoMo on the trade war:

“There are clearly challenges in the global economy, and that means there are conflicts and challenging issues to discuss. I wouldn’t confuse that with tension. We’re dealing with pretty complex issues at the moment,” he said.

“You’ve got a global economy that for many years was built around the development of China to the economy the size of which it is today. And that was done on the basis of a series of rules and engagements. And now that China has reached effectively that goal, well, we now need the rules to be enforced that will guide the next phase. That’s fundamentally what this is all about,” he said.

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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.