U.S. one-hundred dollar banknotes are arranged for a photograph in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)

What If the Trade War Is Really Deflationary?

(Bloomberg Opinion) -- The trade war between the U.S and China shows no signs of abating, with each side boosting tariff levels. From the U.S. perspective, such tariffs might appear inflationary, a...

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