The Atlantic

How Much Damage Will Trump’s Trade War Do?

Higher prices, slowing growth, mounting layoffs—and the indirect costs may be even greater.
Source: Aleksandra Michalska / Reuters

Will Donald Trump’s trade war tip the economy into a recession?

It seems a reasonable question to ask. The White House has initiated a rapidly escalating global tit for tat, with thousands of products from the United States, China, Canada, Mexico, and Europe now affected or threatened by tariffs. The price of imported goods is increasing. The demand for exported goods is falling. American businesses are laying workers off, and some are warning that they might end up bankrupt.

In some sense, Trump could not have picked a better time to engage the country in

You're reading a preview, sign up to read more.

More from The Atlantic

The Atlantic2 min read
The Hospital Is Too Damn Loud
When the musician Yoko Sen was hospitalized a few years ago, she could not help but hear the hospital’s many alarms as a musician. Consider a cardiac monitor that beeps in C, she says, along with a bed-fall alarm that emits a high-pitched whine. Toge
The Atlantic2 min readPsychology
A Rational Case for Following Your Emotions
In the popular American imagination, emotion and rationality are often mutually exclusive. One is erratic, unpredictable, and often a liability; the other, cool, collected, and absent obvious feeling. And even though research suggests that people exp
The Atlantic5 min read
The Real Meaning of Trump’s ‘She’s Not My Type’ Defense
The president, in attempting to downplay E. Jean Carroll’s rape allegation against him, isn’t talking about attraction. He’s talking about protection.