Trump's fake trade deal comes at a high price for global economy

The economic damage from tariffs will get worse in 2020

I have an op-ed in the AFR on the tentative trade deal the Trump Administration has negotiated with China. While partially forestalling a further tariff increase, enormous economic damage has already been done and will get worse in 2020.

See Scott Sumner for a related take on why the US is losing the trade war.