By the New York Times
August 11, 2019
August 11, 2019
The trade war between the United States
and China spiraled out of control last week, with threats from the
United States of yet more tariffs — this time on shoes, clothes and
cellphones — and a hasty determination to name China a currency manipulator at least five years after it stopped doing so.
China
responded by halting purchases of American farm products and accusing
the United States of deliberately destroying the international order. The stock market plummeted,
as fear grew that there was no limit on Trump’s willingness to
recklessly endanger the American economy. But there is a limit —
Congress. And unless Congress steps up, Mr. Trump will continue to flout
the rules.
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