Trump's Feud With China Is A Carbon Copy Of Reagan's Trade War With Japan: Is A New Plaza Accord Imminent? | WHAT REALLY HAPPENED

Trump's Feud With China Is A Carbon Copy Of Reagan's Trade War With Japan: Is A New Plaza Accord Imminent?

If you said the nation in question is China, and the year is 2019, you are wrong (well, partially), because the events described above represent Ronald Reagan's bilateral trade dispute with Japan in the early 1980s.

The fact that the biggest geopolitical conflict of modern times is running off a 35-year-old script This has profound implications for not only how Trump's own trade war with the world's second most powerful nation will conclude, but also for the dollar, because it was against the above-described backdrop that authorities signed the historic "Plaza Accord" in 1985, and according to Goldman, a similar outcome may be coming, one which would result in "choppy dollar downside in the months ahead."

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