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Europe's account surplus is approaching €400bn - much more than China's surplus (Photo: European Commission)

Trump tariffs: Europe - we have a problem

It should be an animated discussion. US president Donald Trump has brought the world to the brink of a trade war.

In China, head of state Xi Jinping, who has just been appointed for life, is steering his country on an increasingly nationalist course, including in economic policy.

Highly-indebted countries and companies around the world are wary of interest-rate shocks, as major central banks gradually tighten their money supply.

The future of the euro is again uncertain af...

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