economic commentary

September 30, 2018 - Trade Tensions Escalating

The global trade war initiated by President Trump is beginning to spiral out of control. It is beginning to have a dramatic impact on world trade. Global exports are declining as the U.S. and China, the world’s two largest economies, are embroiled in an escalating trade war as each country retaliates by levying additional tariffs on selected goods. China has reported a current account deficit for the first time in twenty years as it faces a slowdown in its export sector.

Economic Commentary Archive