America is losing the trade war with China, and the Phase One deal was just political posturing ahead of the November presidential election and won’t really have any real economic impact, this according to Gianni Kovacevic, executive chairman of CopperBank.
“The Chinese won the trade tariff war,” Kovacevic told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “The Chinese can wait it out. They think in long, long terms, long visions.”