Short-term economic pain could lead to long-term gain if it results in more favorable trade terms

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Short-term economic pain could lead to long-term gain if it results in more favorable trade terms

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While there is growing evidence that the elevated tariffs have inflicted considerable harm on U.S. consumers and manufacturing output and employment without generating the desired leverage over China, it is less clear to what extent how the trade war has impacted China-U.S. economic relations or succeeded in separating the two largest economies in the world.

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De-escalation of US-China trade war would mitigate the risks of economic damage

US Politics

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