Tariff war

May 31, 2019 admin123@ No comments exist

Tariff war

What happens to the global economy if the tariff war escalates?  The tide going out lowers all boats.  Higher import costs drive up inflation, squeeze buying power & drag down consumption.  Firms respond to lower demand & earnings by cutting investment & jobs, which worsens the downturn.  Tariffs sound good, but are actually bad, as trading partners retaliate

Guessed the Word?               Series 42 (7/8)             [pic: paulbr75]


Leave a Reply

Your email address will not be published. Required fields are marked *