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Ambrose Evans-Pritchard – Donald Trump is losing his trade war with China, and running out of economic time

Summary:
Donald Trump has got away with his many trade wars over the last eighteen monthts because the US economy has been on steroids, a form of macroeconomic cheating that briefly steals growth from the future but catches up with you. The rest of the world has been struggling with an auto-led manufacturing slump. This came close to recession conditions earlier this year and touched bottom in August. The Telegraph  Ambrose Evans-Pritchard - Donald Trump is losing his trade war with China, and running out of economic time

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Donald Trump has got away with his many trade wars over the last eighteen monthts because the US economy has been on steroids, a form of macroeconomic cheating that briefly steals growth from the future but catches up with you.

The rest of the world has been struggling with an auto-led manufacturing slump. This came close to recession conditions earlier this year and touched bottom in August.
The Telegraph 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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