Article published: May 10, 2019
IB Economics syllabus: International economics (international trade, protectionism, tariffs)
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The ongoing trade war between the U.S. and China was almost ending, when “President Donald Trump boosted tariffs Friday on $200 billion in goods from China” in order to “extract trade concessions.” China will most likely retiliate (meaning that U.S. products will also be taxed) and the economic growth prospects of both countries have already declined.
Source of image: Bloomberg | Image taken from video on the site of the article
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