Trade wars are a natural part of politics and, in turn, economics. Although the current back-and-forth between the US and China is dominating the headlines, disputes have always had an impact on national economies.
In fact, to show the significance of political wrangling on global trade and financial markets, DailyFX has created a historical overview of trade wars. Charting the impact of liberalized trading between European nations in 1913 to Donald Trump’s 2018 tariffs, the report is a neat review (see infographic below) of how politics affects trade.
Read the full article HERE.