U.S. President Donald Trump recently claimed Washington's ongoing trade war with China has had little impact on the American economy so far. Mark Zandi of Moody's Analytics claims that he's 'dead wrong.'
U.S. President Donald Trump has claimed Washington's trade war with China has had little impact on the American economy so far.
President Donald Trump speaks to members of the press prior to his departure on Marine One from the South Lawn of the White House in Washington, DC., on Friday, August 9, 2019.recently claimed Washington's trade war with China has had little impact on the American economy so far. A widely followed economist said Thursday that the president is "dead wrong."
"To argue that this isn't doing economic damage is just wrong," Zandi told CNBC's "Squawk Box" on Thursday., Zandi said, it would incur a cost of $100 billion for American businesses and consumers in the coming year.
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