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There's mounting anecdotal evidence that President Donald Trump's trade war is causing trouble for the US economy and businesses. But Friday's report on third-quarter gross domestic product may be the best hard evidence yet that the tariffs are causing major disruptions in the economy.
GDP rose at an annualized rate of 3.5% in the third quarter. But the contribution of net exports of goods and services — the measure of how much trade added or subtracted to GDP growth — was a dismal -1.78 percentage points.
read more https://www.thisisinsider.com/gdp-trump-tariff-trade-war-us-china-2018-10
GDP rose at an annualized rate of 3.5% in the third quarter. But the contribution of net exports of goods and services — the measure of how much trade added or subtracted to GDP growth — was a dismal -1.78 percentage points.
read more https://www.thisisinsider.com/gdp-trump-tariff-trade-war-us-china-2018-10
