Politics Becomes a Trade Driver – but Only Short-Term
It seems that traditional economic fundamentals do not have the same impact on trade that they used to have. We are now in a politically motivated trade environment, and politics is another matter altogether. President Trump’s trade war with China and the threat of even higher tariffs in 2019 created a mini-boom in imports as businesses rushed to bring goods into the country ahead of the tariffs. That increased gross domestic product and did much to boost inventories at a tim