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Just Apple, Nvidia and Elon Musk are enough to prove to Trump the futility of what has become the default composition of global economy. It probably will not add to American growth, rather turn products expensive to its consumers, forcing some to stop producing in China and instead revert production back to the US. Were the dollar to depreciate China’s gain will correspondingly reduce. America’s biggest rub is how China keeps its renminbi valued lower vis a vis the USD boosting its exports. For long now the US has been asking China to appreciate its currency to its real value. With an appreciated yuan, Chinese exports will cost more and accrue less favour to China lowering its capacity.

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Reading between the lines of Pakistan’s recovery

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