News Snapshot:
US-Chinese trade “learns to live with tariffs” and breaks record – 07/22/2021 – Nelson de Sá On Bloomberg, reproduced below, “Trade between the United States and China is exploding as if the virus and tariffs never existed.” According to the service, “monthly bilateral trade has reached new records” – China “buying millions of tons of American agricultural products” and “American consumers importing goods in record quantities”. In short, “the two parties have learned to live with tariffs”, which cannot “force the decoupling of supply chains” as Donald Trump wanted. The Economist had already spoken out in its cover editorial against...
