Stephen Moore: The Chinese Economy Could Face a Free Fall if the Trade War Doesn’t End

“I would rather have the trade war go on, then see Trump retreat in any way.” That is Steve Moore, the Chief Economist of the Heritage Foundation. In the wake of the Fed’s lowering interest rate, Trump’s new tariffs on China, RMB falling to a historic low and the U.S. designation of China as a currency manipulator, we need to make sense of the whole sequence of events. How are they interrelated and why did they happen? What’s next for the U.S.-China trade war, how is it going to affect the 2020 election, your investment portfolio, your job security and more?