The U.S. could become one of the most protectionist countries in the world, if President Donald Trump's latest tariff threat materializes.
"If the U.S. follows through on the latest trade war threats it will raise the overall US tariff level to 7.5%, which is higher than in many emerging markets," Torsten Slok, Deutsche Bank's chief economist, said in an email on Monday.
Trump's tariff plan rattled the markets that had just recently hit record highs on trade-deal optimism and solid corporate earnings.Some Wall Street analysts remain positive a trade deal will come through, saying the threat from TrumpTrade negotiations between Washington and Beijing officials are still set to resume on Wednesday, but Chinese Vice Premier Liu He
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