The slowdown in the global economy has nothing to do with the United States’ protectionism

Some commentators attribute the slowdown in the global economy and in global trade to the trade and currency war between the United States and China. But the data show that the slowdown in the global economy results primarily from: The return to full employment in the United States, the euro zone and Japan, which, as is normal , is weakening growth; Weak domestic demand and therefore imports in China, which began in 2014 - well before there was talk of protectionism in the United States - and is clearly the case in 2019; Problems in large emerging countries: Argentina, Brazil, Turkey, South Africa. The p rotectionism would have to escalate considerably for it to have a first-order effect on global growth.