08
Apr
Trump rekindles fears of a major economic shock with global consequences
The Trump administration declares trade war on the world and ends free trade. An absurd new paradigm, reminiscent of the origins of the Great Depression of the 1930s. The worst may not be certain, but America will have a hard time regaining credibility.
Key points
- The Trump administration declares trade war on the world and ends free trade
- An absurd new paradigm, reminiscent of the origins of the Great Depression of the 1930s
- Immediate reactions from the financial markets, which suddenly fear a severe recession
- Chain reactions, popular protests, legal challenges, mobilization of elected officials
- The worst may not be certain, but America will have a hard time regaining credibility
