UBS: Trump's trade war is trying to take us back to the 1800s — but Harley Davidson has proved it won't work

UBS Wealth Management chief economist Paul Donovan says Trump's trade war is reminiscent of the 19th century. In a globalised world, tariffs are ineffective, Donovan told clients on Tuesday. The escalating trade war spearheaded by President Donald Trump is reminiscent of the 1800s, according to a senior figure at Swiss bank UBS.

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