Could there be a trade war boom?

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Definitely. At the AFR:

Treasurer Scott Morrison has warned the deepening US tariff war with China could derail a global economy that has finally shaken off the effects of the financial crisis and has directly challenged Donald Trump’s view that countries can win trade wars.

As the International Monetary Fund described the US as among the world’s most vulnerable in a trade escalation, Mr Morrison urged his counterparts in other countries to join forces and avoid inflicting “self-harm” on the worldwide economy.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.