1) Trade wars are good and easy to win.
2) This is not good, and the US is not winning.
3) Therefore, this is not a trade war.
#Logichttps://www.politico.com/story/2018/04/05/trump-considers-adding-tariffs-on-another-100b-in-chinese-imports-505022 …
Sure, but it's not a big deal. A lot of that is because the US economy is stronger than many others, and therefore consuming more. Similar in 2008. Everyone was panicking, and buying dollar assets, which buoyed US relative to others, and helped Americans buy foreign-made goods.
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except we entered a global synchronized expansion in 2016, first time since crash, which also explains a lot of the stock market gains
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