Tariffs on all Chinese goods: "expect recession"

It is questionable if the tit-for-tat between the two largest economies sets the right tone to address a global recession which seems to be imminent. The decrease of trade within Europe reflects the uncertainty on where the global economy will go. The combination of Brexit and the US-China trade war show the first impact on Europe's trade. Suppliers and buyers are holding off on investments, while buyers are also selling off any oversupply. In addition, looking at the earliest indicators to project economic trends, port activity and payment behaviours, there is less cargo in shipping ...