Source: Ryan Sweet, Regional Financial Review, Vol. 29 no. 9, May 2019
The trade war between the U.S. and China continues to dominate the geopolitical sphere and cloud the global economic outlook. In this article we assess the damage so far from the trade tensions between the U.S. and China. We examine whether the tariffs have had their desired effect and highlight their costs. Finally, we present two scenarios, Trade War Standoff and Trade War Conflagration, to quantify how trade tensions could play out.