President Trump has picked the worst possible time to relaunch his trade battle with China. Economists warn that such a strategy could badly backfire, potentially turning what is now a deep recession into a full-blown depression. | Analysis by MattEganCNN
New York President Donald Trump has picked the worst possible time to relaunch his trade battle with China.
The coronavirus pandemic is crushing the US and global economies. Unemployment is soaring. GDP is collapsing at an unprecedented pace. Corporate profits are plunging. Manufacturing is contracting.Welcome to the most expensive US stock market in two decadesYet Trump could amplify that financial pain by attempting to use tariffs or other sanctions to punish China for its role in the health crisis.
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