libaba’s Jack Ma has warned that the ongoing US-China trade war could last at least 20 years. As we’ll see, it’s actually more like 30 – up to 2049, the 100th anniversary of the foundation of the People’s Republic of China (PRC). Steve Bannon always boasted that President Trump was bound to conduct a “sophisticated form of economic warfare” to confront China. The logic underpinning the warfare is that if you squeeze the Chinese economy hard enough Beijing will submit and “play by the rules.” The Trump administration plan – which is, in fact, trade deficit hawk Peter Navarro’s plan – … Continue reading Here Comes