Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Trump’s Trade War With China Biggest Threat to the U.S. Economy in 2019

Posted December 13, 2018

Under Economic Issues, International Trade Issues

(Bob Bryan – Business Insider)

Some of the country’s top economists are the most worried they’ve been in years about the US economy.

According to The Wall Street Journal’s monthly survey of economists, about 85% of those surveyed said the risks for the US economy were tilting to the downside — the most since at least the start of 2015.

And their biggest fear? President Donald Trump’s trade war with China:

  • Overall, 47.3% of the economists surveyed cited the back-and-forth tariff fight between the US and China as the top threat to the economy in 2019, the highest percentage of any single threat.
  • 20% cited financial-market disruptions as the largest threat.
  • 12.7% pointed to a slowdown in business investment.

The recent spate of trade fears has been blamed for both the sell-off in US stock markets and businesses’ slowing of capital expenditures. Click here to read more.