Wall Street rallied on Wednesday, bitcoin hit a new record while German auto stocks plunged. As markets continue to digest Donald Trump's comeback, Chinese consumers are bracing for a possible new wave of punitive tariffs, but a new round of a trade war could hit China's economy harder than before. FRANCE 24's Yuka Royer speaks to economist Antonio Fatas of INSEAD, who says that the promised tariffs would ultimately lead to higher inflation and hurt American consumers.
#business #Trump #tariffs
Read more about this story in our article: [ Ссылка ]
🔔 Subscribe to France 24 now: [ Ссылка ]
🔴 LIVE - Watch FRANCE 24 English 24/7 here: [ Ссылка ]
🌍 Read the latest International News and Top Stories: [ Ссылка ]
Like us on Facebook: [ Ссылка ]
Follow us on X (Twitter): [ Ссылка ]
Browse the news in pictures on Instagram: [ Ссылка ]
Discover our TikTok videos: [ Ссылка ]
Get the latest top stories on Telegram: [ Ссылка ]
