Economics
China Can’t Be Seen as Weak Against ‘Bully’ Trump, Stiglitz Says
- China weakness will lead to more demands, says Nobel laureate
- China can withstand a trade war better than Trump: Stiglitz
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China can’t be seen to be weak on trade against a ‘bully’ like U.S. President Donald Trump because appeasement will lead to more and more demands, said Nobel prize-winning economist Joseph Stiglitz.
"Particularly when you have a bully like Trump, it would not be good to respond in a weak way," said Stiglitz in an interview with Bloomberg Television in Beijing. "We know about appeasement from Munich. It’s a different kind of a war but in a trade war appeasement could lead to more and more demands."