2 #TorstenSlok, chief economist, Apollo Global Management: Similarly, there are many different categories of #products that are #imported into the #US where #demand is #inelastic, and #China is the only provider of that product. 🧵 #tariffs #tradewar #trade

#infrastructure companies have a distinct business model not typically found in other asset classes. #demand is typically #inelastic, due to the essential nature of services these assets provide to households and businesses, chart @GoldmanSachs