Trump's trade war has reduced the world's net worth by $2 trillion ($1.5 trillion of which came off the balance sheets of the 1%), with losses most deeply felt in China and Europe; North and South Americans took smaller losses, while the Middle East actually made gains: the richest Saudis have grown 7% richer during the trade war, while the richest Kuwaitis are 8% richer.
All in all, the global 1% saw a 6% decline in their wealth.
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