The trade war saga between the United States and its major trading partners has taken a new turn. President Trump's tariff threats, which once sent shockwaves through financial markets, now seem to be losing their bite. According to recent reports, the markets have grown accustomed to the back-and-forth between the world's largest economies.
In an article published on Bloomberg, Joe Weisenthal and Tracy Alloway from the Odd Lots team discuss Trump's tariff threats and their diminishing impact on markets. The authors describe how the tariff threats have become a recurring theme in the news cycle, with investors growing increasingly desensitized to the headlines.
The authors also highlight the fact that the tariffs have not had the desired effect on the U.S. economy. The intended goal of the tariffs was to protect American industries and create jobs, but the reality has been quite different. Instead, the tariffs have led to increased costs for American businesses and consumers, as well as retaliation from trading partners.
Moreover, the article notes that the tariffs have not significantly weakened the Chinese economy, as some had predicted. China has managed to maintain its economic growth, despite the trade tensions. In fact, recent data shows that the Chinese economy grew at a faster pace in the third quarter than initially estimated.
The authors also discuss the potential implications of the ongoing trade tensions for the U.S. election. The tariffs have been a contentious issue, with many Democrats criticizing Trump's approach. The trade war could become a significant issue in the upcoming presidential campaign.
In conclusion, the article highlights how Trump's tariff threats have lost their impact on financial markets. The markets have grown accustomed to the trade war rhetoric, and the tariffs have not had the intended effect on the U.S. economy or on China. The ongoing trade tensions could continue to be a significant issue in the lead up to the U.S. election.
Sources:
- Joe Weisenthal and Tracy Alloway, "Trump's Tariffs Threats Lose Their Bite," Odd Lots (Bloomberg), October 28, 2019.
The trade war saga between the United States and its major trading partners has taken a new turn. President Trump's tariff threats, which once sent shockwaves through financial markets, now seem to be losing their bite. According to recent reports, the markets have grown accustomed to the back-and-forth between the world's largest economies.
In an article published on Bloomberg, Joe Weisenthal and Tracy Alloway from the Odd Lots team discuss Trump's tariff threats and their diminishing impact on markets. The authors describe how the tariff threats have become a recurring theme in the news cycle, with investors growing increasingly desensitized to the headlines.
The authors also highlight the fact that the tariffs have not had the desired effect on the U.S. economy. The intended goal of the tariffs was to protect American industries and create jobs, but the reality has been quite different. Instead, the tariffs have led to increased costs for American businesses and consumers, as well as retaliation from trading partners.
Moreover, the article notes that the tariffs have not significantly weakened the Chinese economy, as some had predicted. China has managed to maintain its economic growth, despite the trade tensions. In fact, recent data shows that the Chinese economy grew at a faster pace in the third quarter than initially estimated.
The authors also discuss the potential implications of the ongoing trade tensions for the U.S. election. The tariffs have been a contentious issue, with many Democrats criticizing Trump's approach. The trade war could become a significant issue in the upcoming presidential campaign.
In conclusion, the article highlights how Trump's tariff threats have lost their impact on financial markets. The markets have grown accustomed to the trade war rhetoric, and the tariffs have not had the intended effect on the U.S. economy or on China. The ongoing trade tensions could continue to be a significant issue in the lead up to the U.S. election.
Sources:
- Joe Weisenthal and Tracy Alloway, "Trump's Tariffs Threats Lose Their Bite," Odd Lots (Bloomberg), October 28, 2019.
