The Chinese economy is slowing down, which is a double-edged sword for the U.S.
On the one hand, President Trump thinks the economic slowdown in the world’s second largest economy gives him more leverage in ongoing U.S.-China negotiations over trade and tariffs.
On the other hand, whether we like it or not, there are some interconnections between our economy and U.S. stock market and economies abroad. Trump’s tariffs may drive China to the negotiating table, but it’s a risky strategy.
As The Guardian reports:
“The measures have disrupted trade, hurt manufacturing, roiled international markets and slowed the global economy.”