Those purchases should increase exports from the United States to China, which, all else being equal, would promote growth. For months, administration officials have touted a study by the United States International Trade Commission that predicted that the North American trade deal could raise growth by 0.35 percent, largely by reducing uncertainty over trade in digital services. Andrew Hunter, senior United States economist at Capital Economics, backed that assessment on Tuesday. They also noted that Mr. Trump had waged his trade wars on fronts well beyond North America and China. New trade battles loom this year, including one between the United States and France over a French push to impose a new tax that hits American tech giants like Google and Amazon.
Source: New York Times January 16, 2020 08:00 UTC