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The Anatomy of a Trade War

Implications for the Economy

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Downstream Exposure to Tariff Industries

“Much like a family torn apart by warring factions, or even one bad player, everyone loses [in a trade war].”

Tariffs and threats of trade wars on more than one front are fueling uncertainty that undermines economic stimulus created by recent tax cuts. Casualties of a trade war with an economy the size of China’s would include retail, real estate and higher education, even before China retaliated.

Read more about what sudden shifts in trade policy could mean mean for the key sectors of the U.S. economy.

About the author
Diane Swonk Diane Swonk
Chief economist
Twitter: @DianeSwonk


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