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Oxford Economics: Trade War Tops List of Global Risks

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(edited)

The fate of the global economy lies in the hands of Washington and Beijing. That’s the view of Oxford Economics, which found that the top risk is the trade dispute damping growth. The slowdown in China and a U.S. recession ranked second and third in the Global Risk Survey. Since the poll of 189 businesses was conducted before the latest round of duties on Chinese goods threatened by U.S. President Donald Trump, the figures may actually understate the risk companies see. Bloomberg’s own economists calculate that a 25 percent tariff on all imports from China would shave 1.5 percentage points off U.S. growth -- a cut that would halve the rate seen in the first quarter. Trump’s backers argue the sacrifice is worth it in the context of what they see as an existential innovation war with an increasingly muscular China...

 

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Edited by rainman
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No winners... For example: there will be retaliation and the impact of that will be much greater on earnings from companies like Apple, Wynn, etc. who have huge Chinese exposure...

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Just now, pinto said:

No winners... For example: there will be retaliation and the impact of that will be much greater on earnings from companies like Apple, Wynn, etc. who have huge Chinese exposure...

I agree. Risks are underpriced.

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Chees game that is not cheap. US trade war with China risks wider "consequences" and should be settled at the World Trade Organisation. Maybe...

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5 minutes ago, damirUSBiH said:

New chapter in trade war: Trump says China 'broke the deal' in trade talks

The economic "war" is just being finally fought

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(edited)

As consumers we are the first in the vulnerability list...

Edited by ThunderBlade

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14 hours ago, pinto said:

No winners... For example: there will be retaliation and the impact of that will be much greater on earnings from companies like Apple, Wynn, etc. who have huge Chinese exposure...

Their mistake. Wynn has cancer and is a big supporter but he and his wife understand what is at stake.

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14 hours ago, ThunderBlade said:

As consumers we are the first in the vulnerability list...

We are not just consumers, we are Americans first. 

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