Deutsche Bank warns that President Trump's proposed tariffs on foreign goods could trigger a global trade war, jeopardizing US stock markets and the world economy. The tariffs, starting at 10% and exceeding 50% in some cases, led to significant declines in stock prices. Researchers from Deutsche Bank characterize this as a major shock to the global trading system, potentially reducing US wealth as companies face increased costs. They estimate economic growth below 1%, with rising unemployment and inflation as potential outcomes of the tariff strategy.
President Trump's tariff plans could have immense implications for the global economy and US stocks, threatening a global trade war that jeopardizes decades of trade stability.
Deutsche Bank researchers labeled Trump's tariffs as the biggest shock to global trading since the 1970s, cautioning that they represent the largest tax increase for US consumers since the Vietnam War.
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