The Economic Consequences of Mr Trump: What the War on Trade Means for the Free World

(Paperback, Main)

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US President Donald Trump has long complained that the nation's $3 trillion trade in goods deficit - when a country's imports exceed its exports - are evidence of global partners treating the US 'unfairly.' His widescale import levies spooked American trading partners, caused a temporary free fall on the New York Stock Exchange - and could trigger a trade war with China. But what do Trump's tariffs mean for the rest of the world In this incisive explainer, award-winning financial journalist Philip Coggan unpacks the impact of the economic policies that caused the New York Stock Exchange to freefall, spooked global trading partners, and could cause a trade war with China. A rallying cry for the importance of free and open trade, Coggan offers context for how the global market came to be, shaped the world for the better - and how we arrived at where we are now.

Reviews

Praise for Paper Promises: By far the best analysis of the "new normal" * Financial Times *
An excellent book ... a smart and witty analysis of the current economic storm, set in the context of the history of money * Times *
A remarkable book from one of the most respected economics journalists on the planet. Every page brings a fresh insight or a new surprise -- Tim Harford, author of 'The Undercover Economist'
The most illuminating account of the financial crisis to appear to date * New Statesman *

Author Bio

Philip Coggan is a former Economist and Financial Times journalist. In 2009, he was voted Senior Financial Journalist of the Year in the Wincott awards and best communicator in the Business Journalist of the Year Awards. Among his books are The Money Machine; The Economist Guide to Hedge Funds; the highly acclaimed More: The 10,000-Year Rise of the World Economy and Surviving the Daily Grind.