He’s promised to raise tariffs on Chinese goods to 45 per cent of their value, and wants US manufacturers to reshore production back to America. Now commentators fret that Trump is walking in the ‘ominous’ and ‘dark’ footsteps of the 1930 Smoot …
Search: trade-wars
When the pie shrinks, people are less likely to share. It was clear back in early 2011 that with successive rounds or quantitative easing and debt monetization rotating through the world’s central banks, that eventually a trade war would develop. With the consumer demoralized, businesses cautious and governments broke, exports would be the last […]
