"Tariffs show how Trump's administration is so obsessed with derailing China's growth even at the risk of putting the world -and the USA too- in a global recession" (
Alberto Alvarado - @iiivb)
This might increase the risks of inflation in slow growth scenarios around the world leading to an increase in risks of a recession.
This is why I think "risk-on" mode is active now in the markets since a lot of economies will be in the need of increasing interest rates before a potential recession confirm…
iiivb 
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