Adam Posen, a former Bank of England policymaker and head of the Peterson Institute in Washington, compared Donald Trump’s tariff battle with China to the Vietnam war, suggesting both sides will be stuck in a quagmire without a face-saving exit. Posen likened Trump’s tactics to Presidents Johnson and Nixon in the Vietnam war, who were unable to accept defeat by increasing attacks and refusing to negotiate a real peace, leading to a prolonged conflict.
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