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Trump's Trade Policy Is Wild Card for U.S. Growth

Trade wars threaten to slow pace of expansion, economists say.

By Shobhana Chandra, Bloomberg | Updated on January 30, 2017

The U.S. economy entered 2017 with a solid head of steam, driven by consumer spending and a pickup in business investment. President Donald Trump’s stoking of trade tensions puts that momentum at risk.

Fourth-quarter figures released Friday showed how swings in trade can have big effects: Net exports subtracted 1.7 percentage points from gross domestic product, the most since the second quarter of 2010. The wider trade deficit followed a spike in soybean shipments that boosted exports in the July-to-September period.

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