Sheep graze between rows of grapes at a vineyard in Mareuil-sur-Ay, eastern France, during the traditional Champagne wine harvest in October 2013. The Trump administration has threatened to slap 100 per cent tariffs on champagne, cheese and French luxury handbags in retaliation for France’s digital services tax. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Donald Trump’s trade wars could scupper the euro-zone’s fragile economic recovery. That’s the last thing both sides need

  • Supportive ECB policies and green-shoot growth in several European economies, as Germany successfully avoided a recession, are good news for the market. But the US threat of tariffs on French goods could portend an escalation of tensions

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Sheep graze between rows of grapes at a vineyard in Mareuil-sur-Ay, eastern France, during the traditional Champagne wine harvest in October 2013. The Trump administration has threatened to slap 100 per cent tariffs on champagne, cheese and French luxury handbags in retaliation for France’s digital services tax. Photo: Reuters
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.