Now that the Trump global trade war ceasefire is over, with both allies ( Canada, EU, Mexico) and adversaries ( China), the hot takes are coming in, and none more exhaustive than a note by Goldman Sachs released overnight, in which the economist Alec Phillips writes that less than two weeks after Steve Mnuchin declared that the “trade war is on hold," a statement which China trade hawk Peter Navarro subsequently blasted as inaccurate, Trump's policy has shifted substantially and "following trade announcements over the last few days, the trade war does not appear to be “on hold” but simply "on", leaving even longtime observers of trade policy confused about the direction from here.
"Goldman: If Trump Wants To Win A Trade War, The Market Has To Crash
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