Trump Just Kicked off a Global Tax War, DC Report

“Ethical Markets  agrees with former corporate lawyer James S. Henry  that indeed  “Trump Just Kicked Off a Global Trade War”!  Read this perceptive analysis of how these new tax cuts are already triggering a race to the bottom in many other countries, now also  lowering their corporate tax rates to compete.  As James Henry points out, the first victims will be social safety nets, as we see in the US Congress with Republicans already aiming at Social Security, Medicare, Medicaid “reforms”. Will the increase in the US national debt expected from these tax cuts  lead to  another round of punishing “austerity”  in other countries as well?   This could prove disastrous for the global economic outlook in 2018 .

Comments welcomed  from all in our global professional network of networks, which we will also publish on our Advisors Forum.     ~Hazel Henderson, Editor”