Trumps trade wars
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Trumps trade wars
Were a failure. This is basic economics, I learnt it at high school over 40 years ago. Google the 'Guns and Butter' trade, or similar
https://www.brookings.edu/articles/more-pain-than-gain-how-the-us-china-trade-war-hurt-america/
.............. A September 2019 study by Moody’s Analytics found that the trade war had already cost the U.S. economy nearly 300,000 jobs and an estimated 0.3% of real GDP. Other studies put the cost to U.S. GDP at about 0.7%. A 2019 report from Bloomberg Economics estimated that the trade war would cost the U.S. economy $316 billion by the end of 2020, while more recent research from the Federal Reserve Bank of New York and Columbia University found that U.S. companies lost at least $1.7 trillion in the price of their stocks as a result of U.S. tariffs imposed on imports from China. ...........
https://www.brookings.edu/articles/more-pain-than-gain-how-the-us-china-trade-war-hurt-america/
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