How could the current trade war affect the American economy?

History

1 answer:

Tems11 [23]3 years ago

8 0

Answer:

caused lost of jobs and decrease in GDP

Explanation:

During trade wars, 2 or more countries are limiting (or prohibiting) the flow of goods of service that is made from the other party. This tend to lead to a reduction in the overall target market and decrease in Net export (which will also lead to a decrase in Gross Domestic Products)

For example, according to the research conducted by Moody analytic, Trade war with China cost United States around 300,000 of potential jobs and a reduction of 0.3% from the overall GDP.

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