Economics weekly by Lloyds TSB

Global trade disputes have not gone away. Even though there was significant cooperation amongst countries over the last two years to limit the effects of the recession through coordinated fiscal and monetary loosening

US/China trade tensions rooted in a misunderstanding of the facts

Global trade disputes have not gone away. Even though there was significant cooperation amongst countries over the last two years to limit the effects of the recession through coordinated fiscal and monetary loosening, substantial issues around trade remain. Friction is most apparent between the US and China, especially as China fixed its exchange rate against the US dollar in 2008. Chart a illustrates that the Chinese surplus and the US deficit seem to be mirror images of each other.

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