The trade war has caused US stock markets $ 5 trillion in damages. This corresponds to twelve times the annual budget deficit that the US has with China.
Deutsche Bank has made this calculation, on which the MarketWatch reports. Since the outbreak of the trade conflict between the two economic powers seventeen months ago, the American stock markets have moved on balance sideways. The fall of more than 6% in May, due to the hardening of the struggle, was a major cut.
This is in sharp contrast to the average annual return of 12.5% for the US S&P 500 index from early 2010 to late 2017. If this return were to have been realized in the past seventeen months, the value of all in the US was listed shares now $ 5 trillion, or roughly $ 5000 billion higher.