President Trump Winning the Trade War: China "Faces The Worst Of Both Worlds" As PPI Deflation Arrives While Food Inflation Soars "A continuation of recent trends, the bulk of the inflation was the result of sharply higher food prices, which surged 9.1% Y/Y as China continues to battle the rapid spread of "pig ebola"  which some expect will eradicate half of China's entire pig population, leading to even higher prices. Sure enough, pork prices soared 27% in July from a year ago, the highest in three years, but that wasn't even the worst of it: the prices of fresh fruit soared by 39%, the highest since 2006!" And, "Indeed, as Evans-Pritchard ever so diplomatically put it, with accelerating consumer prices and the return of factory-gate deflation, "the upshot is that China faces the worse of both worlds." Who knows: a few more downward nudges to the Chinese economy, and Trump may win the trade war against Beijing well before the 2020 presidential election." Full article:  https://www.zerohedge.com/news/2019-08-09/china-faces-worst-both-worlds-ppi-deflation-arrives-while-food-inflation-soars