Public Publication Content

Is Reducing the Trade Deficit Worth a Trade War? (No)

|

A trade war with China has created both potential winners (tech and industrial machinery) and losers (agriculture and autos). But the industry mix of winners and losers will change as the trade war escalates, and could create more losers. Tariffs result in higher inflation, increased uncertainty, and slower capex, employment, and overall economic growth. Tariff revenue is generally insufficient to repair the budget deficit.

Ned Davis Research | Economics | U.S. Focus | Monthly

While you wait, explore additional NDR research and solutions.

Institutional Investors

Custom Research

Wealth Managers

Stock Selection

ETF Selection

HubSpot Form for Publications