Economics
Trump Finds Tackling China Trade Is Harder Than It Sounds
- IP probe, alufoil measures seen with doubtful effectiveness
- Citi analyst says ‘there’s no need to have a trade war at all’
President Trump may be finding out that taking on China over trade is harder than it looks as a potential intellectual property investigation takes the spotlight. Bloomberg's Tom Mackenzie reports on 'Bloomberg Daybreak: Asia.' (Source: Bloomberg)
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President Donald Trump may be finding out that taking on China over trade is harder than it looks.
The White House is stepping up pressure over perceived intellectual-property abuses, and the administration has in recent days proposed fresh duties on imports of China’s aluminum foil products. But gaining real leverage is proving elusive, as deep trade links mean that bold sanctions risk backfiring and targeted ones may end up yielding little.