Uncertainty created by tariffs and contempt for rule of law will deter investment, says top economist

• Forget Trump’s tariffs, the president’s bond market threat is worse

Donald Trump’s tariff threats have made the US “a scary place to invest” and may unleash stagflation, the Nobel prize-winning economist Joseph Stiglitz has said.

“It risks the worst of all possible worlds: a kind of stagflation,” Stiglitz said in an interview with the Guardian.