Forecasters from Reuters agreed that the US's trade war with China is a bad economic policy. They expect the U.S. economy to grow at a strong pace in the coming quarters, but to slow to 2% by the end of 2019.
U.S. President Trump on Monday announced a 10 percent tariff on about $200 billion of Chinese exports to the United States and threatened to impose tariffs on another $267 billion of Chinese goods if China retaliated. China has taken retaliatory measures. This shows that the Sino US trade war is unlikely to end soon.
Meanwhile, according to the latest survey, the U.S. economy is expected to grow by 3.1% in the third quarter, slightly higher than last month's forecast of 3.0% and 2.8% in the fourth quarter.
According to a Reuters September 12-19 survey, 70 analysts who answered an additional question said the Sino-US trade conflict was not conducive to U.S. economic growth and posed a downside risk to the otherwise optimistic U.S. economic outlook in the short term.
"Absolutely, this is a bad policy, which is obviously unfavourable. But it's not bad enough to plunge us into recession unless it translates into a major negative effect on confidence and sentiment. High Frequency Economics chief economic analyst Jim O'Sullivan said.

<>Investigation: analysts agree that Sino US trade war is not conducive to the US

 

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