Trade War Reality Sets in as U.S. and China Stick to Their Guns

The video discusses the ongoing trade tensions between the US and China, highlighting the lack of progress in negotiations until after the US midterm elections. It examines the economic strategies of both countries, with the US currently holding an advantage due to tax cuts. However, this could change if tariffs begin to affect corporate profits and the political landscape shifts. Fitch Ratings has downgraded global growth forecasts, and sectors like retail and energy are feeling the impact. China's economic response includes building defenses and planning stimulus, with potential GDP drops and manufacturing impacts.

What sectors in the US are starting to feel the impact of the trade war?

What impact is the trade war expected to have on China's GDP?