Consumers and industry casualties in superpowers trade war

Escalating tariffs between the U.S. and China are rattling investors, impacting stock markets, and sounding warning bells that a full-blown trade war would weaken the global economy.

The concern is that the Trump administration is approaching China's trading practices with one solution and that it is increasing tariffs to establish a bilateral trade relationship that benefits the United States, according to Professor of Economics Dennis Hoffman.

In a story published May 15, 2019, on Chamber Business News:

The short-term impacts of this kerfuffle with the U.S. and China over trade are hard to predict. I think the long-term impacts are very easy to predict and they are all pretty much negative.

– Dennis Hoffman, Director of the L. William Seidman Research Institute