President Trump is ready to slap tariffs on another $200 billion worth of Chinese imports. There's a lot to be learned from how America ended up in this trade war. But one of the more striking stories is how Wall Street lost its influence over American economic policy towards China. As The New York Times pointed out, Wall Street leaders have successfully prevailed upon previous White Houses to back off confrontations with China.
How Wall Street Lost Its Credibility On China
The Week - Business, The Week: Business
Tue, 09/18/2018 - 3:00am
Topics: as the new york world trade organization wto aig president clinton united states presidents george w bush robert rubin hank paulson bush larry summers gary cohn steven mnuchin marshall w meyer wharton school business blackstone morgan stanley chinese vice president wang qishan yet trump as wendy cutler nerf liberalizing asia it president trump america wall street american china the times white house white houses wto goldman sachs clinton obama rubin trump goldman we u.s previous economic war billion work officials pressure policy tariffs costs imports leaders treasury percent direct dislocation jobs massive advisor deal predecessors official put blue-collar entreaties employment ready administration top ended labor deficit financial industry heavily
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