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President Trump's trade war with China risks destabilizing the global economy and triggering a recession, impacting consumer prices and potentially harming the US's global standing. Economists express skepticism that the trade war will bring back manufacturing jobs, citing automation and low wages overseas. While some Americans might benefit from potential job creation, the majority will face higher prices on imported goods, disproportionately affecting low-income households. The conflict could lead to economic restructuring and decreased trade between the two superpowers, with potentially negative consequences for both nations.

Prepared by Christopher Adams and reviewed by editorial team.