Josh Boak, The Associated Press</span>
Published Sunday, July 8, 2018 10:14AM EDT
WASHINGTON -- From the safety of a resilient U.S. economy, President Donald Trump lit the fuse Friday on a high-risk trade war with China.
History suggests that a cycle of tariffs and retaliations can eventually choke economic growth. But for now, employers, investors and U.S. consumers are weighing the perils of a prolonged rift between the world's two largest economies against a far more positive backdrop: America's healthiest job market in years.
Evidently confident despite the risks ahead, U.S. employers have added jobs this year at a robust monthly average of 214,500. Many businesses say they've reached the point where they can't even find enough people to fill jobs. Unemployment is at a low 4 per cent.
All that hiring is occurring in an economic expansion that is entering its 10th year.
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