Trade War Will Gum Up Gears of Global Growth -- Market Talk

Dow Jones05:38

2138 GMT - Tariffs dislocate global trade, add to costs, and protect industries that have no right to exist, says Stephen Koukoulas, managing director of Market Economics in Canberra. Trump's tariffs and the understandable and legitimate retaliation from Canada, Mexico, China--and soon everyone else--is the proverbial "sand in the gearbox of global trade and growth," he says. There's not a country that has achieved long-run sustainable increases in growth and living standards as a result of a tariff wall, Koukoulas says. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

February 02, 2025 16:38 ET (21:38 GMT)

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There's not a country that has achieved long-run sustainable increases in growth and living standards as a result of a tariff wall, Koukoulas says. 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Trump's tariffs ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508156530","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508156530","pubTimestamp":1738532280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2138 GMT - Tariffs dislocate global trade, add to costs, and protect industries that have no right to exist, says Stephen Koukoulas, managing director of Market Economics in Canberra. Trump's tariffs and the understandable and legitimate retaliation from Canada, Mexico, China--and soon everyone else--is the proverbial \"sand in the gearbox of global trade and growth,\" he says. There's not a country that has achieved long-run sustainable increases in growth and living standards as a result of a tariff wall, Koukoulas says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"贸易战将扰乱全球增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"2138 GMT - Tariffs dislocate global trade, add to costs, and protect industries that have no right to exist, says Stephen Koukoulas, managing director of Market Economics in Canberra. Trump's tariffs and the understandable and legitimate retaliation from Canada, Mexico, China--and soon everyone else--is the proverbial \"sand in the gearbox of global trade and growth,\" he says. There's not a country that has achieved long-run sustainable increases in growth and living standards as a result of a tariff wall, Koukoulas says. 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