Pedro Da Costa Warns “Markets Are Ignoring Risk Of Devastating Trump Trade War”

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zerohedge.com / by Tyler Durden / Jan 7, 2017 2:30 PM

Submitted by Pedro Nicolaci da Costa via The Peterson Institute for International Economics,

Are investors so focused on Dow 20,000 that they’ve become complacent about the true risks of Donald Trump’s vows to tear up trade agreements, erect 17 commercial tariffs, and deport millions of immigrants?

The September report identified specific industries and localities that would be most deeply affected by a trade war with major US trading partners. And it’s not a pretty picture.

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