Uncertain Where the Trade War Will Go Next, Says Council on Foreign Relations

The video discusses the US-China trade war, highlighting its initial impacts on industries, particularly in the US. It emphasizes the uncertainty surrounding the trade war's outcome and its potential effects on market confidence. The video provides context on the trade difference between the US and China and discusses potential economic impacts, including a GDP hit if tariffs are implemented. It also covers China's credit issues and the PBOC's efforts in managing deleveraging, with insights from the IMF.

What are the implications of a 10% tariff across all countries according to economists?

What challenges does the PBOC face regarding the deleveraging situation in China?