Economics

Three Reasons Trump’s Trade War Will Become a Pain for the U.S. Economy

U.S.-China Will Come to a Deal in Latest Round of Trade Talks, Evercore ISI's Straszheim Says

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January 7, 2019 at 1:36 PM EST

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President Donald Trump’s trade war with China is about to start causing some real pain for the U.S. economy, according to Bank of America Corp. analysts.

While the tariff fight has so far made a bigger dent on China’s growth and the large-scale impact on the U.S. seems to be muted, that’s likely to change in the coming months, economists Ethan Harris and Aditya Bhave said in a report Friday. They gave three reasons:

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