U.S.-China trade war unsustainable: Expert predicts resolution

Barry Eichengreen, distinguished professor at the University of California Berkeley, says a trade deal of sorts between the U.S. and China will be signed as a complete breakdown is “too expensive” for both parties. He adds that attempts to internationalize the renminbi is going through a rough patch, and that he is more worried than ever about the dominance and reserve currency status of the U.S. dollar.