The US-Chinese trade war and a slowing global economy

1 Big Thing: Escalating trade war
In today's daily post, I want to put the US - China trade war front and center and ask whether it matters to growth.

The news, of course, is that US President Trump slapped tariffs on $200 billion worth of Chinese products yesterday. And, unlike in earlier rounds of the trade war, the tariff list targets consumer goods like luggage and furniture as well as industrial goods.

In the statement announcing the tariffs, Trump also warned that were China to take retaliatory action against American farmers or American industries, the US would “immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.”

On Twitter Trump said:

China has openly stated that they are actively trying to impact and change our election by att...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More