By CCN: President Donald Trump’s trade war aggression on both the European Union and Chinese fronts has already dealt a major blow to many American industries. Worst hit are the automobile and agriculture sectors, the collateral damage of Trump’s trade wars. They’ve lost billions of dollars worth of business to retaliatory Chinese tariffs. Equities Markets Terrified of Trump’s Trade War Trump’s drum beat and the march to trade war also has equities markets spooked. High tech stocks have suffered already from trade war tensions because many tech companies are highly exposed to the economic downsides of further escalations in Trump’s
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