The China-U.S. trade war: another version of causes and consequences
This note seeks to analyze from a macroeconomic perspective the causes and consequences of economic dynamics and trade warfare from the aggregated gross capital formation, GDP and the Business Confidence Index.
The trade war affects the business confidence whose measurement in March 2018 expressed as BCI, index of confidence in the performance of future businesses, gave 99.5 and 101.2 for China and the U.S. respectively.
The trade war is nothing more than the product of the economy of a country that was once the world commander and that today, faced with the loss of competitive capacity, seeks to blame its main rival as it did in the 1980s with Japan. But the difference between China and Japan is substance.
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