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Mainstream, Vol 63 No 16, April 19, 2025

International Law At Vanishing Point | Vijay Kumar

Sunday 20 April 2025, by Vijay Kumar

Notwithstanding the retreat by Trump, the full-blown trade war between two economic powerhouses, the USA and China, would go on, and it would be extremely hazardous to predict the outcome. The overwhelming majority of economics mavens, however, concur that there would be no winner in this chaotic and insane trade war, and the question is which country would suffer most. This writer, being not an economist, will refrain from commenting on economic fallouts except quoting the perceptive and apt comment of Larry Summers, the renowned Harvard Economist, and Treasury Secretary in Bill Clinton