The next US-China trade war won’t be fought in Washington or Beijing over trade frictions. It will be fought in Venezuela and Africa, where China has been an active investor, antagonizing the US. And that raises the risk of US-China trade wars spreading to Venezuela. Given the current negative mood trends, the probability of a China/U.S. “The US-China trade friction has been blown out of proportion,” he says.

Source: Forbes February 08, 2019 01:07 UTC