华尔街无力阻止中美贸易战

choi

艾莎, Kate Kelly and Keith Bradsher, 为何华尔街无力阻止中美贸易战？  纽约时报中文网, Sept 17, 2018
https://cn.nytimes.com/business/20180917/china-wall-street-trade/

, which is  translated from

Alexandra Stevenson, Kate Kelly and Keith Bradsher, In Trade War, China's Allies on Wall Street Lose Clout; Old back channels have been ineffective with Trump in office. New York Times, Sept 17, 2018.

Quote:

(a) "When President Bill Clinton deliberated whether he should loosen trade barriers against China, Wall Street helped plead Beijing's case.

"When Presidents George W Bush and Barack Obama talked tough about labeling China as a currency manipulator, Wall Street urged restraint — and both presidents backed down.

(b) "The financial sector's arguments have often found a sympathetic ear in Washington.

(c) "But the Trump administration's trade hawks have so far prevailed against Wall Street-friendly voices of trade moderation, such as Mr [Treasury Secretary Steven] Mnuchin, a onetime Goldman Sachs executive. That is partly because the trade war hasn’t shown President Trump much downside. His stance has won support from both parties. The United States economy shows few signs of trade-war damage, and markets continue to rise.

"Even if Republicans lose Congress in November's elections, the trade war will probably continue, said Robert B Zoellick, a former United States trade representative. Only a slump in the markets might make him reconsider, Mr. Zoellick said.

My comment:
(a) There is no need to read the rest, as the quotations are the takeaway.
(b) downside (n): "a negative aspect   <the downside of fame>"
https://www.merriam-webster.com/dictionary/downside
(c) Robert Zoellick, (of German descent; BA Swarthmore College, JD/MPP (master's in public policy; from Harvard Kennedy school in a combined-degree program) Harvard 1981; US Trade Representative 2001-2005; US Deputy Secretary of State 2005-2006; vice chairman for international affairs at Goldman Sachs 2006-2007; president of World Bank 2007-2012)

The en.wikipedia.org says he was managing director of Goldman Sachs without saying when. It is untrue.