020 7898 0500Donald Trump appears to be relatively nonplussed about the trade war fears he has sparked for no real fathomable reason. His nationalist trade agenda appears at odds with almost everyone who advises him and experts from all countries around the world.
Meanwhile, the US trade deficit came in worse than expected to post its biggest trade gap since October 2008. Imports remain at a record high while exports fell. The figure had been expected to widen from $53.9 billion to $55.1 billion, but it actually came in at $56.6 billion in January 2018.
There was some positive employment data though, as private businesses in the US hired 235,000 workers in February against an expectation of 195,000. Employment appears to be booming at the moment in the US, but a trade war could impact the whole world in various ways. Let us hope that this does not materialise.
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