Collateral damage in trade war cannot be estimated

Could there be a winner in the current trade war between the United States and China? There could, according to the White House which having initiated the trade war, expects to win it.

As Jeffrey Frankel, a professor at Harvard University's Kennedy School of Government has said, the US leader talks about the trade war as if he would be perfectly satisfied if the supposedly punitive tariffs became permanent, since China is paying money to the US Treasury.

If it is not a lack of common sense which has enabled the US leader to say this, it must be the shortsightedness of the US administration that has emboldened it to hold such a view.