But they’re unlikely to be the thing that brings the global economy crashing down.
" The global economy faces some serious structural issues.”
Speaking on a panel at ANZ’s 2019 Debt Conference in the Hunter Valley, Yetsenga argued the tariffs, which affect less than 4 per cent of global trade, are not the doomsday scenario many suspect.
“It's just not conceivable the impact of tariffs is going be the thing which destroys the global trade cycle,” he told delegates at the conference.
“It doesn't look like the trade issue is going to disappear. I just don't think it's the thing that's going to bring the cycle unstuck.”
You can listen to his comments on the podcast below.