How Much Damage Will Trump’s Trade War Do?
“Will Donald Trump’s trade war tip the economy into a recession? It seems a reasonable question to ask. The White House has initiated a rapidly escalating global tit-for-tat, with thousands of products from the United States, China, Canada, Mexico, and Europe now affected or threatened by tariffs. The price of imported goods is increasing. The demand for exported goods is falling. American businesses are laying workers off, and some are warning that they might end up bankrupt.”