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13 March

By Ahmed Mamdouh

Category: FX Graph

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What would be the cost of global trade war?

Recently, there has been discussions about the impact of a potential global trade war after U.S. President Donald Trump approved the imposition of tariffs on imported steel and aluminum.

Trump has warned of more upcoming tariffs to be levied on other products, while major economies have threatened to respond.

This could be the spark of a massive global trade war that would endure the world economy a cost of $470 billion by 2020, according to Bloomberg. That means the global economy would be 0.5 percent smaller by 2020.

Global trade could lose 3.7 percent from its size by 2020, where the U.S. economy would forgo a 0.9 percent from its growth after two years. 

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.