"It's a bomb aimed at the global system." Expert on Trump's tariffs

Zdjęcie: To bomba wymierzona w światowy system. Ekspert o cłach Trumpa / PAP/EPA / RODRIGO REYES MARIN


Trump's tariffs could lead to a recession in the US and a global slowdown, said Gary Hufbauer, a erstwhile Treasury authoritative and expert at the Peterson Institute for global Economics. According to him, the worst-case script is 1 in which America's partners not only introduce retaliatory tariffs but besides engage in trade wars with each other, which would lead to the complete collapse of the global trading system.