
Donald Trump and the beginning of the end of the world as we know it
"An eye for an eye, a duty for a duty"
The worst option for the global economy is an escalation followed by the introduction of some form of financial sanctions that the US would apply against countries that responded to US tariffs with trade countermeasures. China has already done so by introducing tariffs of 34 percent on American goods and announcing that it will "fight to the end", while the European Union is announcing similar measures. Such a development would lead to an increase in financial uncertainty in the system and a likely reduction in the global role of the US dollar. US action has become difficult to predict