Constantin Gurdgiev on Trump and trade
The looming Trump-induced storm is a daunting prospect for our open economy, but if we are clever we can actually benefit in the long term
Following market jitters in February, the first two weeks of March have seen fears of a trade war erupting across the Atlantic and the Pacific, courtesy of the protectionist stance of the current White House administration. Combined with the ongoing currency wars, and spurred on by asymmetric monetary policies across the advanced economies, the new row about trade-restricting tariffs could not have come at a worse time.
After years of subdued rates of growth, global...
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