China-U.S. trade war to ease but conflicts will persist – former finance minister

“BEIJING (Reuters) – A Sino-U.S. trade war could ease somewhat but wider conflicts between the world’s two largest economies will continue, Lou Jiwei, a former Chinese finance minister, said on Saturday” writes Midwest Communications Inc for Washington has adopted a strategy to contain China’s economic rise by preventing the country from climbing up the global value chain, Lou said.The U.S. tariffs on Chinese exports will not fundamentally resolve its trade deficit, which is caused by the high U.S. government debt ratio and a low household savings rate, he said.

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