March 19th, 2018 | By Jeff Cox-
The worst-case scenario for a looming trade war is brewing, which would trigger anything from a relatively mild recession to something on the scale of the 2008 financial crisis, according to a Deutsche Bank analysis.
While the most likely scenario is something considerably more benign, as in more measured responses from U.S. trading partners to the tariffs, Deutsche’s economists list a series of events indicating that a full-blown trade war has become more likely. The principal combatants would be the U.S., China, Mexico and Canada, but the ramifications would be widespread.
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