US President Donald Trump's trade wars and global monetary tightening is raising the threat of another worldwide recession, wrote Ambrose Evans-Pritchard for The Telegraph. Mr Trump has imposed tariffs on steel and aluminium imports from Canada, Mexico and other countries, while also threatening to impose a 25 per cent tax on imported cars if he does not get what he wants. They are approaching stall speed. As such, the world could be just one shock away from a global downturn.
US President Donald Trump's trade wars and global monetary tightening is raising the threat of another worldwide recession, wrote Ambrose Evans-Pritchard for The Telegraph. Mr Trump has imposed tariffs on steel and aluminium imports from Canada, Mexico and other countries, while also threatening to impose a 25 per cent tax on imported cars if he does not get what he wants. As such, the world could be just one shock away from a global downturn.