“At the same time, tariffs would weigh on US growth. If we assume that Mexico and China retaliate with equivalent tariffs, this would substantially reduce demand for US exports, depressing US GDP by around 0.7pp by 2019. In fact, tariffs would likely hit US GDP so sharply that the Federal Reserve would be prompted to reduce interest rates to cushion the blowâ€”despite an increase in inflation.”
Folks like Le Pen and Trump and Wilders know that the most efficient way to exploit these fears for political gain is to tap those voters who are least likely to push back – i.e. to incite a panic among the uneducated who think that because a woman is wearing a burqa she must also be wearing a suicide vest.