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The faint murmurs of an economic storm echo across the United States. After a disconcerting rise in bank failures reminiscent of the early years of the great recession of 2008, a surge in unemployment claims, and a troubling decline in retail sales, we stand on the precipice of a profound recession. These events have emerged out of a period of historic inflation levels last seen during the 70s and the early 80s. In the midst of troubling times, one could have scantily expected the introduction of a tariff regime that aims to break crucial economic relations of the US producers and consumers from its Chinese counterparts.
The global economic landscape is shaped by the ebb and flow of trade. The economy consists of a huge chain…
