Former deputy director at IMF says Trump’s idea that US can win trade war 'complete nonsense'
April 4, 2018
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6:51Now PlayingFormer deputy director at IMF says Trump’s idea that US can win trade war 'complete nonsense'
YouTube Description
as posted by the channelAs China prepares to impose new tariffs on America worth £35 billion, Sky’s Ian King speaks to Desmond Lachman, a former deputy director at the IMF’s Policy Development and Review Department and Dr Rebecca Harding, economist and founder of Equant-Analytics, on the damage a trade war could do to both the US and the UK. Lachman says Trump is having to pay a “heavy price” for announcing a series of import tariffs on China and “should listen to the markets.” Trade fears caused Wall Street to open sharply lower on Wednesday and also weighed global stocks.
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