Jan 192019
 

There are two ways to look at this chart from Northern Trust’s weekly Economic Commentary.

1- President Trump’s tariffs are working, and he’s winning the Trade War with China.

2- China’s economy is slowing down quite dramatically, and since it accounts for a significant portion of world trade, the world-wide economy may be facing a recession.

Personally, I’m not certain of the former and am concerned about the later.

What do you think?

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