Trump's trade war sets bigger booby trap for strong US economy
World BusinessJun 24, 2018
The escalating trade battle between the U.S. and the rest of the world is raising the risk of a meaningful slowing in an otherwise vibrant American economy.While the tariffs already in place and set to be implemented will barely dent U.S. growth, economists say the panoply of additional measures being considered would take a perceptible bite out of gross domestic product if they go ahead.“It’s going to be more noticeably painful,” said Peter Hooper, chief economist at Deutsche Bank AG in New Yor