Trump’s Feud With China Is A Carbon Copy Of Reagan’s Trade War With Japan: Is A New Plaza Accord Imminent?

Posted on June 11, 2019 11:38 pm
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URL https://www.zerohedge.com/news/2019-06-11/trumps-feud-china-carbon-copy-reagans-trade-war-japan-new-plaza-accord-imminent 

Name the US trade-war adversary in the following real-life scenario:

Trade tensions were precipitated by a large bilateral trade imbalance and a perception of an “unfair” advantage, which were exacerbated by new US administrations that pursued tax cuts even as the Federal Reserve was in tightening mode.

Targeted US trade actions have failed to significantly reduce the US trade imbalance with this nation

As the US trade deficit with this country has continued to grow, so has bipartisan political pressure to do something about it.

Dollar depreciation coincided with a fading fiscal boost

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