Trump may have talked America into recession before a trade tariff was even imposed

This is an incredibly fast-moving story, to the extent that by the time you read this, the latest decision or news on tariffs between the US and its North American neighbours (not to mention China) will have shifted on. So perhaps the best thing we can do here is to give you some context on how big a deal the imposition of tariffs here would be. The key thing to remember is that North America has been, in effect, a free trade zone for decades. Goods move back and forth across the borders so frequently that the number of crossings…