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Wednesday, June 20, 2018

Bloomberg doesn't dare to calculate the cost of economic tariffs for USA.

https://www.bloombergquint.com/global-economics/2018/06/20/trump-s-tariffs-could-deliver-a-sizable-hit-to-china-s-economy

The bloomberg article doesn't mention anything about the US damages from the US-China trade war.  This is a one-sided article which seeks to extol the US economic clout.  In actual fact, the US suffers the same economic damages as China.  However, shaving a 0.5% from 6.8% (China) is different from shaving a 0.5% from 3% economic growth (US).

This is the reason for not reporting this differential in the bloomberg article.

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