Trade war could undo resilient US job market - Hawaii Tribune-Herald
4 Articles
4 Articles
Submitter. Trade war could create regional protected markets
SUBMITTER. That globalism now with Donald Trump's tariffs is dying opens up new ways of thinking. Is it really impossible to live with the idea that American cars are sold in the US, European ones in Europe and Chinese ones in China? asks Mikael Sundström.
The job market has been resilient. The trade war could be its undoing.
For three years, the U.S. economy has been buffeted by rapid inflation, high interest rates and political instability at home and abroad. Yet it has proved surprisingly resilient, supported by the sturdy pillars of robust consumer spending, a rising stock market, and healthy balance sheets for households and businesses alike.
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