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A troubling lesson from the 1930s suggests Trump’s trade war will damage the world for decades





great depression conversation 1938

  • Lessons from the 1930s suggest that the economic consequences of Trump’s trade war could last for decades.
  • The impacts of rising protectionism during the period between 1929 and 1932 — when the impacts of the Great Depression led economies to turn inwards — lasted until at least the 1960s, according to Oxford Economics.
  • If history repeats itself, emerging markets will likely be particularly vulnerable.

LONDON — The impacts of Donald Trump’s trade war could be felt through the global economy for decades to come, if patterns followed during the last true trade conflict in the 1930s manifest themselves in 2018, according to read more >>>

Source:: BusinessInsider.Com

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