Trump's trade war cost US economy US$7.8 billion in 2018: Study

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Trump's trade war cost US economy US$7.8 billion in 2018: Study
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President Donald Trump's trade battles cost the U.S. economy US$7.8 billion in lost gross domestic product in 2018, a study by a team of ...

WASHINGTON: President Donald Trump's trade battles cost the U.S. economy US$7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed.

The study was authored by a team of economists at the University of California Berkeley, Columbia University, Yale University and University of California at Los Angeles and published by the National Bureau of Economic research. https://www.nber.org/papers/w25638

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