Trade Wars Become a Reality

Useful primer on Tariffs

https://theconversation.com/what-is-a-tariff-an-economist-explains-93392

Impact of protectionist measures on the US economy

https://www.nytimes.com/interactive/2018/03/20/business/how-trumps-protectionism-backfires.html

It is time for markets and economists to seriously consider the risk of a full-blown trade war:

https://www.bloomberg.com/news/articles/2018-03-21/asian-stocks-face-mixed-start-dollar-sinks-on-fed-markets-wrap

Yale economist Stephen Roach on US-China Trade Conflict

https://www.project-syndicate.org/commentary/china-term-limits-and-leadership-quality-by-stephen-s-roach-2018-03

Is Europe ready for a trade war?

https://www.project-syndicate.org/commentary/trump-tariffs-europe-trade-war-china-wins-by-zaki-laidi-2018-03

Fact versus Fiction

In the era of global supply chains, traditional trade figures are increasingly meaningless

https://www.washingtonpost.com/news/wonk/wp/2018/03/12/the-obsolete-number-that-drives-trumps-china-obsession-and-how-to-fix-it/

https://qz.com/1234437/the-iphone-alone-accounts-for-16-billion-of-the-us-trade-deficit-with-china/

Related:
https://www.dallasfed.org/assets/documents/research/eclett/2013/el1305.pdf

https://www.bloomberg.com/view/articles/2018-03-18/big-u-s-china-trade-deficit-is-smaller-than-it-appears