Tariffs on Car Parts Would Have `Huge Impact,' Capital Economics Says

The transcript discusses the global economic risks, particularly focusing on the slowdown in China and potential threats from the US, including protectionism. It delves into the trade war, highlighting the escalating tensions and their implications for the global economy. The impact of tariffs on the EU, especially Germany, is examined, noting the potential disruption to car exports. The broader economic consequences, including effects on the US economy and multinational companies like BMW, are also considered, emphasizing the lose-lose nature of the situation.

Why is it important not to be complacent about the trade war?

What are the possible consequences of the trade war for the US economy?