The effects of a potential new global trade war
How does the U.S. economy impact the global economy? Strong U.S. Growth in a Weak Global Economy: The U.S. economy is the largest single economy in the world, accounting for a quarter of global economic activity. buxtonnews This makes the U.S. economy a key driver of global growth. The U.S. has also enjoyed strong growth in the last decade, with real GDP rising at an annualized rate of 2.6% between 2006 and 2017. Strong U.S. Growth in a Weak Global Economy: The U.S. economy is the largest single economy in the world, accounting for a quarter of global economic activity. This makes the U.S. economy a key driver of global growth. The U.S. has also enjoyed strong growth in the last decade, with real GDP rising at an annualized rate of 2.6% between 2006 and 2017. Increased Protectionism in the U.S.: Although previous trade americandailyjournal wars have shown the global effects of protectionism, the Trump administration’s recently enacted tariffs on stee...