Full blown trade war endangers global economy

Business | 10 May 2019 3:19 pm

Robert Ward of The Economist Intelligence Unit says the French Finance minister, Bruno Le Maire, is right – a full-blown trade war is the biggest threat to the world economy, The Guardian reports.

Ward tweeted: “As US raises tariffs on US$200 billion worth Chinese exports, a reminder that escalation/spillover of US-China trade war has for a while now been @TheEIU’s top global risk. Tariffs damaging for China, but also no free lunch for [US President Donald] Trump as US companies and consumers ultimately absorb higher costs.''

 

 

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