Finance & economics | Shock therapy
So far, Donald Trump’s trade war has not derailed the global economy
An escalation would inflict much greater damage
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/sites/default/files/images/2019/05/articles/main/20190511_fnp502.jpg)
|WASHINGTON, DC
A YEAR AFTER the start of trade skirmishes between America and China, America’s economy—and the world’s—seem to be holding up. Are trade wars, as President Donald Trump believes, not so costly after all?
This article appeared in the Finance & economics section of the print edition under the headline “Shock therapy”
Finance & economics May 11th 2019
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