With U.S. – China trade resolution stalled, will this roil global economy?

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Shared December 3, 2019

With President Donald Trump signaling that he is willing to push any resolution to the trade war negotiations with China to beyond the 2020 presidential elections, the U.S. economy could see a slowdown, particularly in certain sectors, this according to Christopher Vecchio, senior currency strategist of IG Group.

“One thing that really sticks out to me right now with this trade war is that farm bankruptcies are up 24% year over year. We’ve spent close to $30 billion bailing out farmers. That’s more than twice what was spent during the auto bail outs,” Vecchio told Kitco News.

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