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US and China risk full-fledged trade war as Trump sees he can win

Investing guru Jim Rogers draws parallels with 1930s collapse of world economy

Famed American investor Jim Rogers said the U.S.-China trade war will have far-reaching negative consequences for the world economy. (Photo by Bob Low)

SINGAPORE -- Although the U.S. and China have laid down their arms for now in their monthslong trade war, legendary investor Jim Rogers believes U.S. President Donald Trump has no intention of leaving the field of battle.

Trump and Chinese President Xi Jinping agreed on Dec. 1 not to impose any further tariffs on each others' products for 90 days while they negotiate changes to their trade and economic policies. But Rogers, who recently spoke with Nikkei QUICK News, only expects a temporary respite.

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