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Trump’s Trade War Escalates, Causing Concerns Amid Global Slowdown
As the ongoing trade war between President Trump’s administration and China expands and puts the world’s second-largest economy in a weaker economic position, America’s key trade partners in Europe and Canada are fearfully watching the situation. These fears have led to a cautionary slide in global financial markets, raising uncertainty in the global economy as stocks plunged worldwide. Trump has previously implicated Canada in his on-going trade confrontations, while making it clear that China is on his critical list due to its retaliatory activities. The current situations’ sentiments indicate the possibility of the ongoing trade war potentially leading to more harm for world trade and other sectors like manufacturing, agriculture, technology, and finance. Meanwhile, the conditions are making difficult decisions for subsidies, taxes, and tariffs policies for political and economic survival.
Us Politics, trade war, global slowdown, Donald Trump, Canada, United States, Economics, China, Finance, Manufacturing, Agriculture, Technology.
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