Oil-rich Gulf risks faces collateral damage in Trump trade war | Arab News:
"Gulf countries will not be able to fully escape the impact of any global trade wars that could break out following US President Donald Trump move to impose tariffs on steel and aluminum imports, said analysts. Despite the region’s oil wealth and unlikelihood that any tariffs would be imposed on energy imports from the Gulf, the GCC remains vulnerable to any widespread economic downturn, said Monica de Bolle, senior fellow at the Peterson Institute for International Economics based in Washington DC. “Because of oil, things are somewhat protected, at least a little more than rest of world. But that is not to say the region would escape from the basic harm done to global economy as a whole,” she told Arab News, referring to the potentially damaging effects of a rise in protectionism."
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