naval security operations in the persian gulf. >> nic robertson live for us in abu dhabi, thank you. a trade war not good for business or consumers. economists warning a protracted trade war could have a meaningful impact on spending. shoppers do not like the escalating trade war with china. they have pulled back on spending. according to the firm, consumer confidence declined. on may 11th, the day the u.s. said they would raise taf riffs from 25% to 10%. morgan stanley weighed in noting trade effects could affect the entire economy. if talks stall, no deal is agreed upon and the u.s. imposes 25% tariffs on the remaining $300 billion from china, we are heading toward recession. we are nearing the one year
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