After the Economic Outlook Conference, I asked a question about how much of an impact the U.S- China trade war especially relating to Japan. Japan's economy has been struggling especially in the 3rd quarter and the U.S-China trade war, its lowest all year. the U.S-China trade war has also affected Japan's imports and exports knocking .20 points of their GDP, also external markets that Japan has its investment and business in having increased in uncertainty due to the high tariffs and unfriendly U.S-China Relations continue to be put on edge. This is nothing too major but at the same time, its something to look at and how this trade war is affecting other large countries' economies.
https://www.japantimes.co.jp/news/2019/11/14/business/economy-business/japans-gdp-growth-one-year-low-u-s-china-trade-war-bites/
This is interesting to note how much impact this trade war has had on other countries. Japan is already dealing with their own things in regards to trade with South Korea, so this outside shock can cause a lot more problems for them if it isn't sorted out soon.
ReplyDeleteMuch like Joey is stating, the facts make it hard to understand the overall purpose of the trade war, considering all parties are being hurt.
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