The Switzer Report founder Peter Switzer says now is the worst time to be caught up in escalating trade tensions with China. “Once the economy’s back on its feet, that’s when it’s time to get stuck into China, but at the moment we’re vulnerable,” he said. “Obviously there’s a simmering, potential trade war and it really didn’t start with us, but we’re being caught in the crossfire because we ganged up and supported Trump in asking for an objective inquiry into China’s behavior in relation to the virus. “Clearly China’s cheesed off in the fact that we’re supporting Donald Trump and there will be serious economic implications." Mr Switzer told Sky News “this is not the time” because Australia was staring down the possibility of a great depression, which he said the government was so far managing to avoid through stimulus measures.
from National | Daily Telegraph https://ift.tt/3buOghE
Tuesday, May 12, 2020
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