Trump has badly misread China’s hand

Summary:
This guy gets it wrong about printing money and the national debt (another video), but this is very interesting: US companies do very well in China selling a lot of services, which almost counters the trade imbalance.Donald Trump has been dialing up the tariffs and the rhetoric around the ongoing trade spat with China. Yet Xi Jingping has held a firm line and has been unwilling to fold to increasing pressure from the US. Donald Amstad from Aberdeen Standard Investments believes that Trump may have misread how strong China's hand is by overlooking some key inputs to the trade relationship between the two countries. While most of the focus has been on traded goods Amstad says to get the full picture you also need to take into consideration the value of services and the profits earned by

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