Trump tariff threats are bad, but the uncertainty they instil is much worse

The spectre of rising inflation, slowing global trade and jittery markets has re-emerged as US economic policy divorces itself from any logicTrump threatens 25% tariff on European allies until Denmark sells GreenlandDonald Trump’s latest tariff threat, in pursuit of his goal of seizing Greenland, is a political nightmare for European leaders, but it could create a severe economic headache too.As the International Monetary Fund (IMF) has repeatedly pointed out since Trump’s trade war began in earnest last year, whatever the ultimate level of tariffs, uncertainty takes its own toll. Continue reading...