Wall Avenue rallied on Wednesday, bitcoin hit a brand new file whereas German auto shares plunged. As markets proceed to digest Donald Trump’s comeback, Chinese language shoppers are bracing for a attainable new wave of punitive tariffs, however a brand new spherical of a commerce struggle may hit China’s economic system tougher than earlier than. FRANCE 24’s Yuka Royer speaks to economist Antonio Fatas of INSEAD, who says that the promised tariffs would finally result in greater inflation and harm American shoppers.
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