A few months ago, China's President Xi said:"We must refrain from seeking dominance and reject the zero-sum game, we must refrain from 'beggar thy neighbor' and reject power politics or hegemony while the strong bully the weak."The Zero-Sum Game he's talking about is in trade. China and the U.S. have placed or threatened tariffs on each other's goods. Some are calling that a "trade war."As noted before, trade is a Positive-Sum Game. Both sides are better off from trade, or it doesn't happen....
Published on July 20, 2018 12:13