The Dow Jones plummeted Thursday over concerns that President Donald Trump is plunging the US in a trade war with China. Such a conflict is widely expected to harm US consumers. But what about the Asian superpower?
What if the Chinese Emperor has no clothes? Remember back in the 1970s when Americans were afraid of the Japanese economy taking over? When they bought great American assets and real estate? In fact, all that fear and anxiety were misplaced. The same may be true today with respect to China.
