GettyWe all wonder if Trump’s trade actions are as random as they appear or if there is a broader strategy. The thinking is that we can ride out a trade war better than China can. We can postpone a recession for another year or two if the trade war doesn’t intensify and Europe holds together. Something similar happened before, during the most famous trade mistake in U.S. and global history. He won, and the House passed a tariff bill in May 1929.

Source: Forbes June 04, 2019 12:44 UTC