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trade war

Escalating U.S. Tariffs: Affected Trade

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The multiple tariff increases to date, ranging from 10% to 45%, affect approximately 16% of U.S. annual imports. This amounts to $396.4 billion of imports (2018 data), with Section 301 tariffs on U.S. imports from China accounting for more than 90% of the trade affected (Figure 1). While the Administration has taken some steps to reduce the scale of imports affected (i.e., by … [Read more...] about Escalating U.S. Tariffs: Affected Trade

Top economist says Trump’s trade war doing ‘very serious damage’ to U.S. economy

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"The trade war has done very serious damage to the economy and, in fact, if the president decides to continue to pursue the trade war, recession risks will rise," says Mark Zandi, chief economist at financial consultancy Moody's Analytics. Source: https://www.newsweek.com/trump-trade-war-china-us-economy-recession-1474598 I say - "You should see the other guy". … [Read more...] about Top economist says Trump’s trade war doing ‘very serious damage’ to U.S. economy

US Do Not Need Phase One US-China Trade Deal, US Already Won the Trade War

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China has already out of ammunition in this trade war, its growth severely dampened while the US economy has emerged practically unscathed and in a good health. The worst part of the tariff war is still to come on $160 billion worth of imports from China next month and China has nothing to respond with. US do not need Phase One US-China Trade Deal or any deal for that … [Read more...] about US Do Not Need Phase One US-China Trade Deal, US Already Won the Trade War