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Trump Push for Tariffs Grips Global Markets
Global markets tumbled as President Trump insisted on tariffs, signaling no end to the China trade fight. A 90 day pause with Xi reduced some risk, but OECD estimates show slower 2019 growth and rising recession fears. Analysts warn tariff policy heightens prices, hurts hiring, and shifts costs to consumers.
MENTIONED IN THIS ARTICLE
New York
Donald Trump
Trump
China
Xi Jinping
Argentina
U.S
Beijing
Organization For Economic Cooperation and Development
Ian Shepherdson
Pantheon Macroeconomics
Shepherdson
America
Britain
White House
Larry Kudlow
George H.W. Bush
Germany
France
Hong Kong
Shanghai
Japan
Australia
South Korea
India
The
Tax Foundation
Erica York
York
Buenos Aires
Washington