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This trade war will get out of control

Aug 06, 2019 - Washington Post Blogs

I have been researching, writing and speaking about economic statecraft for more than two decades. I know some things. On occasion, people pay me some coin to talk about what works, what does not and what is likely to happen. And when I talk about the myriad kinds of economic statecraft that could be in play, I always save the "deterrence via mutual interdependence" category for last. It is both the rarest and most important category. The basic argument is that if two countries are mutually vuln...