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Cornell University, in conjunction with INSEAD and the World Intellectual Property Organization, released the 2018 version of the Global Innovation Index -- a report ranking 126 economies on 80 indicators of innovative activities. For the first time, China broke the top 20 of the world's most innovative economies.
The real question about the U.S.-China trade war is how long it will last and which country will blink first, according to West Virginia University associate professor of political science Christina Fattore. President Trump’s assessment of the World Trade Organization as weak is driving his use of higher tariffs, which could drive up costs for businesses, and eventually, consumers, Fattore said.