Trump Tariffs’ Role in First Brands Saga Point to Slowly Emerging Economic Damage
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The emerging view set to be confirmed at this week’s annual meetings of the International Monetary Fund and World Bank is that the global economy has so far avoided the worst of the tariff pain many anticipated earlier this year.
But in a bankruptcy saga now captivating bankers, capital markets and creditors around the world, all those policymakers descending on Washington ought to see a cautionary tariff tale. And a warning about the risks US President Donald Trump’s trade policies still pose to the world.