Michael Best Strategies Partner Denise Bode was quoted in The Washington Times’ article, “Trade war fears mount as China lists tariff targets; Trump doesn’t flinch” on April 4, 2018.
“This isn’t a U.S.-China trade war yet, but economist are calling it the weigh-in before the big fight.
Beijing taunted President Trump on Wednesday by releasing a $50 billion list of U.S. products it has targeted with tariffs, responding in kind to the Trump administration’s threat to increase taxes on 1,300 of China’s high-tech imports also worth about $50 billion.
It was the second tit-for-tat exchange of tariff threats this week between the world’s two largest economies, and it sent the stock market into wild swings based on investors’ fears of a trade war.
Denise Bode, a tax and trade analyst at a Washington law firm, said a full-blown trade war is possible but it is more likely that Mr. Trump will make a deal.
“It is more the beginning stages of a major reset in a trade relationship between China and the United States,” Ms. Bode said. “Obviously, it is a strong ploy, but a lot of our other efforts have not worked [and] everybody is at the table now.”
To read the entire Washington Times article, click here.