Forecasters unanimous: U.S.-China trade war bad for economy – Reuters poll



Shrutee Sarkar | Reuters

The U.S. economy will expand at a robust pace in coming quarters but slow to 2 percent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with China was bad economic policy. In a sign the trade war is not likely to end any time soon, President Donald Trump on Monday imposed a 10 percent tariff on about $200 billion worth of Chinese imports and threatened duties on around $267 billion more if Beijing retaliates, which it has. In the meantime, the U.S. economy was forecast to grow at an annualized pace of 3.1 percent this quarter, up slightly from 3.0 percent forecast last month, followed by 2.8 percent in the fourth quarter, according to the latest poll.   Read more here