The teaeconomist is getting ready for a trade war!

China might not be able to do much harm via tariffs: China’s imports from the US totalled 130 billion dollars in 2017 while the US imports from China totalled 506 billion dollars. However, she might consider using this weapon:

Source: https://twitter.com/adam_tooze/status/1009533850924482565 

For those who are interested in the discussions surrounding current account deficits I have this found this cool tool named Global Imbalances Tracker. Here the Global Imbalances Index:

Link to the tool: https://www.cfr.org/report/global-imbalances-tracker

The EU is in a hurry to open new free-trade negotions, as even she is not spared from Trump’s tariff mania: