Wall Street rallied, bitcoin hit a new record while German auto stocks plunged… as markets digested Donald Trump’s comeback, Chinese consumers are bracing for a possible new wave of punitive tariffs… but a new round of trade war could hit its economy harder than before. Yuka Royer spoke with economist Antonio Fatas of INSEAD who said that those promised tariffs would ultimately lead to higher inflation and hurt American consumers.
#business #Trump #tariffs
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