America is back in business. At least according to a recent World Economic Forum Index ranking the nation as the world’s “most competitive country,” a position it has not had for the last decade, concluding that “economic recovery is well underway, with the global economy projected to grow almost 4% in 2018 and 2019.”
While this is extremely positive, the forum also found that there is room for improvement on social issues. Caution was called for since “recovery remains vulnerable to a range of risks and potential shocks,” such as the simmering trade war between America and China. According to a recent article in The Wall Street Journal:
“The U.S. has levied tariffs on a total of $250 billion of Chinese goods and China has retaliated with tariffs on $110 billion of U.S. exports as the two nations spar over trade imbalances and other issues.”
When looking at China vis-à-vis America, with the trade war, there has been an expansion of its economic deceleration with the deterioration of the trade war. There has been a distinct loss of momentum in China’s economy in 2018, linked to the efforts made by its government to curb the high debt levels.
Clearly both America and china are losing out with the current trade war. Here, we find 11 experts offering possible exits to the war.