Why Should We Care Who Wins the U.S.-China Trade War? | with Steven Okun

Founder and CEO of APAC Advisors Steve Okun joins Jim and Ray to talk about the suddenly raging trade war between the U.S. and China and what kind of impact it may have on the global trading system.

Steve observes that international investment is largely frozen due to the uncertainty about what the U.S. goals are, which tariffs are temporary versus permanent, and whether the U.S. and China can come to a negotiated settlement.

Steve also explains that while China has certainly exploited its advantage in manufacturing, the U.S. has long enjoyed its own advantage in the services sectors–such as entertainment, finance, health, and tourism. He says these U.S. industries may suffer under a more restrictive trade enviro ...