Trump’s economic gamble: Solid job gains vs. risky trade war
From the safety of a resilient U.S. economy, President Donald Trump lit the fuse Friday on a high-risk trade war with China.
History suggests that a cycle of tariffs and retaliations can eventually choke economic growth. But for now, employers, investors and U.S. consumers are weighing the perils of a prolonged rift between the world’s two largest economies against a far more positive backdrop: America’s healthiest job market in years.