About the Author
Professor Andrew Urquhart is head of the Department of Finance at Birmingham Business School, University of Birmingham.
The views expressed here are his own and do not necessarily represent those of Decrypt.
President Donald Trump announced tariffs earlier this week ranging from 10% for the U.K. to 49% for Cambodia, levies which the president suggests will raise trillions of dollars for the U.S. economy and “make America wealthy again.” Lots has been written in the last day about whether these tariffs will cause a recession, their impact on the U.S. economy, and how China may react.
Given the uncertainty in the market, and the initial huge losses in all financial markets in the day following the announcement and…
