1929’s US trade protectionist policies extended the Great Depression by ten years
Trade Wars result in domestic inflation
Positive effects of US tax reform muted by threat of trade wars
Robert Shiller, an American Nobel laureate and Yale economics professor, said that US trade wars with China would result in an economic crisis if they continue to escalate.
The US needs China to help negotiate with North Korea in regards to their nuclear arms
The US needs China to continue buying their government debt to finance the American’s massive $1 trillion annual budget deficit.
The ongoing trade rhetoric between China and the US will get worse before any agreement is reached
