▽FT.com / Comment & analysis / Columnists / Martin Wolf ●05/12 09:59 Martin Wolf US claims ‘substantial progress’ after two days of trade talks with ChinaZelenskyy says he is ready to meet Putin for peace talksMigrants will have to spend decade in UK before applying to stayChina’s J-10 ‘Dragon’ shows teeth in India-Pakistan combat debutOpenAI negotiates with Microsoft to unlock new funding and future IPOWhy can’t more financial heavyweights write letters like Warren Buffe
▽EconLog: Library of Economics and Liberty ●05/12 08:48 Politics and EconomicsEscalation dominance?By Scott Sumner | May 11, 2025 | 0Kyle Chan recently made this claim in a blog post: There is no such thing as escalation dominance. Trump thinks the US will win in a trade war because China sells more to the US than the other way around. A tit-for-tat escalation on tariffs means the US will always be able to tariff more Chinese .. MORE