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Trade wars, for a start.
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In other words: It's not called a trade "war" for nothing.
Paul Jost, a libertarian donor based in Florida, said Trump is unnecessarily creating a trade war for political gain.
The US has been engaged in a trade war "for quite some time", he said in Davos yesterday morning.
Apple on Wednesday lowered quarterly sales estimates for the first time in more than 15 years, blaming an unexpectedly deep slowdown in China and President Trump's trade war for the shortfall.
Last week, A.T. Kearney's global outlook for the year partially blamed the trade war for their decision to revise their estimate lower.
That's hard to know, since the United States has not been in a full-scale trade war for more than seven decades.
White House chief economic adviser Larry Kudlow barked at a journalist Friday not to "class warfare" him as he was grilled about the pain of a trade war for consumers and workers.
The danger is clear: Japan, Europe and the US compete with each other to drive down their currencies, mirroring the tit-for-tat trade wars of the 1930s.
The danger is clear, though: Japan, Europe and the US compete with each other to drive down their currencies, mirroring the tit-for-tat trade wars of the 1930s.
Note: Trade wars started for non-economic reasons in wartime, with the deliberate intention of screwing up the other side's economy, don't count.
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