Latest articles and blogs
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How will the trade war hit the economy?
Import tariffs imposed by the United States would weaken growth everywhere and it seems there would be no economic winners. A trade war could even lead to businesses postponing investments and growth in the economy slowing down significantly.
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Who’ll pay Trump’s tariffs?
Incoming American president Donald Trump campaigned on a promise to impose additional tariffs on US imports as a way to reduce the country’s current account deficit and boost domestic production. Initially, the proposal was for a 10% tariff, but later Trump has talked about a 20% tariff. In addition, tariffs on China would be at least 60%. Who eats the costs of such tariffs?