Trump's trade war with China is 'mutually assured destruction': Samantha Power via YahooFinance
President Donald Trump’s tit-for-tat trade war with China, with only the occasional olive branch, has become one of the defining battles of his presidency.
The comments from Power, who served as ambassador to the U.N. during the Obama administration, came a day before China published a list of more than a dozen items it’s sparing from tariffs next week including shrimp and cancer drugs. A day after that, Trump tweeted that he would delay a planned tariff hike on $250 billion worth of Chinese goods from Oct. 1 to Oct. 15 as a “gesture of good will.
“It depends on how much President Trump is willing to concede, how much face he feels like he's going to lose,” Power told Yahoo Finance. “But you know, I know one thing, and that's that President Trump will put his own political fortunes above the welfare of the workers that he claims to be representing.”
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