PremiumA Chinese Deflationary Tsunami Is Headed For Europe
By Dhaval Joshi, chief strategist at BCA research
Executive Summary
The textbook impact of the world’s largest goods importer, the US, imposing an ultra-high tariff on the world’s largest goods exporter, China, is for global goods prices to fall.
Thereby, while Trump’s tariffs will be inflationary for the US they will be deflationary for Europe.