What Would A China Trade War Cost?

style="text-align: left; background-color: transparent; color: #000000; overflow: hidden; text-decoration: none;">The Senate passed a bill that would press China to allow the value of its currency to rise. It is time to take stock of what the action would cost America if the House passes similar legislation and the president could not block it. The figure might be well into the hundreds of billions of dollars. That sum could drive the U.S. into a deeper recession. Longer term, it might help American GDP — but that is longer term. The U.S. cannot wait out a trade war with China.

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