The cockroach effect
Trump piles tariffs atop an economy that may have private-credit infestation
Will he? Won’t he? Trump has kept markets gyrating lately with threats to impose new tariffs on China.
After China last week imposed new restrictions on exports of rare earths, Trump threatened to slap a 100% tariff on top of those he has already imposed on imports from China. Then he backed off, posting “Don’t worry about China, it will all be fine!” Tr…