The trade war continues to escalate as Europe has threatened the United States with $300 billion worth of tariffs. The threats come as a retaliation against the US, which insisted on moving forward with duties on European cars. US President Donald Trump recently threatened imports of European cars with a 20 percent tariff if Brussels […]
According to a Societe Generale strategist Albert Edwards, a trade war would bring about a financial crisis a lot sooner than anyone expected. Edwards has warned in the past that currency devaluation could spark an economic recession worse than 2008, and now he’s sounding the alarm about Donald Trump’s trade policies.