Market Comment | Escalating US-China trade tensions weighed on financial markets

Summary

  The escalating trade dispute drove today’s financial markets: The US announced 25% tariffs on $16 bn worth on Chinese imports (industrial goods, mostly) from 23 August (see). China retaliated with a mirror measure:  new tariffs of 25% on $16 bn worth of US goods such as vehicles, oil and steel (see). The increasing trade […]

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