WASHINGTON — President Trump’s trade war is chilling business investment, confidence and trade flows across the world, a development that foreign leaders and business executives say is worsening a global economic slowdown that was already underway.
Recent softening in Europe, Australia and other parts of the world coincides with Mr. Trump’s intensified trade fight with China and other partners. Economists warn that further escalation by Mr. Trump — like tariffs on more Chinese goods or levies on foreign autos — could slow global growth to a crawl.
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