The United States may be about to do something really stupid, which is to launch a trade war with China.
Such a misguided step would do much damage to the world economy and reinforce the view, not only in China but in other emerging market countries, that the United States does not really want them to succeed. Moreover, China would be bound to retaliate.
What's driving the "blame China" crusade in the U.S. Congress is itsgrowing trade deficit with China.
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