The Irrepressible 1930’s
The just concluded G-20 meeting in Seoul broke up without agreement on either currencies or trade. Despite global leaders’ vows to the contrary, it seems that the dreadful protectionist precedent of the 1930’s is about to be revived.
https://prosyn.org/kKCOX3q
LONDON – The just concluded G-20 meeting in Seoul broke up without agreement on either currencies or trade. China and the United States accused each other of deliberately manipulating their currencies to get a trade advantage. The Doha Round of global trade talks remain stalled. And, amid talk of the “risks” of new currency and trade wars, such wars have already begun.