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Why the US-China trade war won't last

New York (CNN Business)The United States and China don't just coexist. Their massive economies are deeply intertwined in ways that make the intensifying trade war unsustainable. China's booming middle class is a critical growth engine for Boeing (BA), Apple, Nike (NKE) and other American brands. China is expected to keep growing in importance as a buyer. And America's insatiable appetite for cheap goods has created a Chinese factory juggernaut that employs millions of workers.The world's two largest economies are each other's biggest trading partners. Nearly $700 billion in goods were sent between China and the United States in 2018 alone. And with $1.1 trillion of Treasuries, China is America's largest foreign creditor.The United States ha ...
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