Tuesday, August 7, 2018

A Trade War now would be a mistake. Global economy is slowing.

The US may be losing its importance in the Global economy according to Marc Faber who spoke to RT news.

"The US as an empire against the rest of the world peaked in 1950s or 1960s. Then, there have been other countries that have become more powerful, in particular China and now increasingly India. The US empire and its influence on the world is diminishing and has been diminishing for quite some time."

Who would benefit from a US Trade War.

“The winners in a real trade war would be everyone except the US. The Europeans would trade more with Asia, and the Asians would trade more with Europe than the US. There would be more trade between the emerging economies and China and vice versa."