Trump's trade war could destroy 4% of global trade: 'The threat to world growth is significant'

Lindsay DeDario / Yuri Gripas / Reuters Donald Trump's proposed trade war could cost the global economy $800 billion, or 4% of global trade. "The threat to world growth is significant," Oxford lead economist Adam Slater wrote in a recent note to clients. It comes at the same time central banks are raising interest rates and the price of oil is going up. LONDON — If US President Trump follows through on his threats to stage a trade war against his former allies in Europe, China, and other count...