« The risk of financial crisis is not a minor, it can start overnight » – Liberation

With the return of Donald Trump to the White House opened a period marked by great uncertainties and increased trade and political tensions, the world economy of which will not be released unscathed. While the American administration multiplies reversals on its customs rights, it has declared a break of eighty days for so -called reciprocal rateduring which all countries receive the floor of 10%. All except one. China is inflicted rates of 145% on its products (with a few exceptions) entering the American soil, in addition to the previous taxes, which relates, on certain products such as syringes and needles, rights at 245%. She responded by bringing the surcharge to 125% on imported American products. What will be the consequences of this escalation and this disorder on the world economy? Eric Monnet, professor at the School of Advanced Studies in Social Sciences and the School of Economy of Paris, specialist in financial crises, international macroeconomics and monetary policy explains the motivations of this policy, points to the risk of financial crisis and draws up a comparison with the 1930s.

Customs duties between China and the United States D