Economics
Ross Likens U.S.-China Trade Fight to ‘Painful’ Start of a Diet
- Better to take aggressive stance when economy is strong: Ross
- Comments come as period ends for duties on more Chinese goods
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The U.S. can deal with the pain of a trade dispute with China because of the strength of the American economy, Commerce Secretary Wilbur Ross said.
It makes more sense to take an “aggressive stance” with China when the U.S. economy is doing well, Ross said, citing an unemployment rate that’s hovering around its lowest level since 2000. “That’s the right environment within which to do it, because there’s more ability for the economy to absorb whatever short-term problems may come,” he said.