Trade Wars: Causes, Mechanisms, and Global Consequences

In 2018, the world witnessed the beginning of an unprecedented trade war between the United States and China. Increased tariffs, mutual threats...
In 2018, the world witnessed the beginning of an unprecedented trade war between the United States and China. Increased tariffs, mutual threats...
Why can a single decision by a central bank shake the markets, slow down growth, or trigger a financial crisis? The answer lies in two words: interest rates.