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Trump 2.0: Who would new tariffs hurt the most?
Wall Street rallied on Wednesday, bitcoin hit a new record while German auto stocks plunged. As markets continue to 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 China's economy harder than before. FRANCE 24's Yuka Royer speaks to economist Antonio Fatas of INSEAD, who says that the promised tariffs would ultimately lead to higher inflation and hurt American consumers.
Wall Street rallied on Wednesday, bitcoin hit a new record while German auto stocks plunged. As markets continue to 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 China's economy harder than before. FRANCE 24's Yuka Royer speaks to economist Antonio Fatas of INSEAD, who says that the promised tariffs would ultimately lead to higher inflation and hurt American consumers.
