Trump’s proposed import tariffs risk triggering a Europe-wide recession and another eurozone debt crisis

Desmond Lachman : Trump ’s “ America First ” trade agenda would soon blow back on the United States not least on his beloved stock market.

Given Germany 's shrinking economy and serious public-debt problems in both Italy and France , the proposed import tariffs risk triggering a Europe -wide recession and another eurozone debt crisis.

Lachmann: A eurozone recession would likely be good news for Trump 's beloved S&P 500 stock market, because around 40% of the companies’ profits are derived from overseas operations.

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