A War Beyond Trade
Comment of the Day

November 06 2018

Commentary by Eoin Treacy

A War Beyond Trade

Thanks to a subscriber for this report from Deutsche Bank which may be of interest. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area. 

The value of any contract is heavily dependent on the values of the counterparties signing it and the authority of an agreed party to enforce the terms. When the signees are countries then enforcement and the legal wrangling around differing interpretations of what is entailed can take years and, even then, if one party decides not to accept a ruling there is not much that can be done. The USA’s bipartisan institutional realization that China is a not a reliable contract counterparty now represents a significant obstacle to more than a cursory trade agreement being negotiated.

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