Hartnett warns «deflationary» behavior may be required to stop
the escalation of a trade war — which would mean lower stock prices and lower yields.
The tariff talk out of Washington is not
an escalation of a trade war, it is about correcting lopsided policies, said Larry Lindsey, who served a top economic advisor to President George W. Bush.
President Donald Trump ordered his chief trade negotiator to consider imposing tariffs on an additional $ 100 billion of Chinese products Thursday, in a dramatic
escalation of his trade war with China.
Not exact matches
And, when asked about the impact
of potential
trade war escalation, Cook seemed surprisingly sanguine about the state
of U.S. - China relations.
Before Wednesday's
escalation with Russia, whose ambassador to Lebanon had earlier suggested Russia would retaliate to any US strike in Syria, the president had been locked in a
trade stare down with China for weeks, stoking investor fears
of a
trade war.
The Bill 12 legislation and the
trade war escalation it might spark would damage Alberta and Canadian businesses and citizens as well as those in British Columbia, warned Greg D'Avignon, CEO
of the Business Council
of B.C.
All
of which sounds very much like the
escalation of a potential
trade war between the world's economic superpowers.
The
escalation has prompted fears
of an international
trade war, particularly in Silicon Valley, which sources and sells its products around the world.
Phil Levy, who was a senior official on President George W. Bush's Council
of Economic Advisers, told me that his rule
of thumb for characterizing something as a
trade war is that the
escalation of trade barriers is «uncontrolled.»
Beijing has responded in kind, so prospects for an
escalation of tit - for - tat protectionism are ripe, and a debilitating
trade war is not out
of the realm
of possibilities.