Trump's trade war to cost US economy $7.8 billion in 2018: study


 President Donald Trump's trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed. Authors of the paper said they analysed the short-run impact of Trump's actions and found that imports from targeted countries declined 31.

5 percent while targeted U.S. exports fell by 11 percent. They also found that annual consumer and producer losses from higher costs of imports totalled $68.8 billion. "After.....

This article is no longer available in our repository.

There could be multiple reasons for this.