Trade wars are wealth destroyers. So far, damage from the US/China disputes of the past two years has been confined to a handful of sectors. For example, US GDP still grew 3.2 percent in the first quarter of 2019. Unemployment is at a 50-year low. Borrowing costs are close to the lowest in years.
Trade wars are wealth destroyers. So far, damage from the US/China disputes of the past two years has been confined to a handful of sectors. For example, US GDP still grew 3.2 percent in the first quarter of 2019. Unemployment is at a 50-year low. Borrowing costs are close to the lowest in years.
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