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Trump 2.0: Who will possible new tariffs hurt the most?
Wall Street rallied, bitcoin hit a new record while German auto stocks plunged. As markets digest Donald Trump's comeback, Chinese consumers are bracing for a possible new wave of punitive tariffs, but a new round of a trade war could hit its economy harder than before. FRANCE 24's Yuka Royer speaks to economist Antonio Fatas of INSEAD, who says that those promised tariffs would ultimately lead to higher inflation and hurt American consumers.
Wall Street rallied, bitcoin hit a new record while German auto stocks plunged. As markets digest Donald Trump's comeback, Chinese consumers are bracing for a possible new wave of punitive tariffs, but a new round of a trade war could hit its economy harder than before. FRANCE 24's Yuka Royer speaks to economist Antonio Fatas of INSEAD, who says that those promised tariffs would ultimately lead to higher inflation and hurt American consumers.
