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Trump's tariffs spark global trade nightmare

Source: economist.com

A second Trump presidency could trigger a global trade war by imposing huge tariffs on imports from China, Europe and others.
Tariffs might hit 60% on China and 20% on everyone else, slashing world trade by up to 3% according to models.
This nightmare scenario risks recession in America and chaos for supply chains worldwide.

The article models a dire "nightmare scenario" for global trade if Donald Trump wins a second term and enacts his tariff threats. It involves America, China, the EU and other trading partners in a spiral of retaliatory barriers. The core finding is that such policies would shrink trade volumes sharply, raise prices and disrupt economies everywhere. Readers should care because it threatens higher costs for everyday goods and slower growth at a time of fragile recovery.