Nobel-winner Robert Shiller warns of an 'economic crisis' from trade war threats

ArticleDeflationMarch 26, 2018 - 8:13:07 AM

Nobel Prize-winning economist Robert Shiller warned that businesses could take a 'wait and see' approach to increased trade tensions between the U.S. and China.

A ramp up in U.S.-China trade tensions — which many are predicting in the wake of a new round of tariff threats from both sides — would immediately result in an economic crisis, according to Nobel Prize-winning economist Robert Shiller.

The Yale economist criticized U.S. President Donald Trump during a Saturday interview in Beijing, calling the U.S. commander-in-chief "a showman" who "obviously relishes" celebrity, but acts in a way that's "totally unbecoming for a president.

Source:cnbc.com

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