The trade war is on! What remains, is how far will both sides go in their escalation. So far, we know that the USA has increased tariff rates and is looking to perhaps do so regarding additional Chinese goods. In retaliation, the Chinese have increased tariffs on additional US goods, which are slated to be effective on June 1st. All of this can change on a dime. We never know what will be said or tweeted out minute-to-minute, but what we do know is that global equity markets have been selling-off rapidly over the last week and today. Will this continue or will the markets cling to hope of a trade deal? Also, the politics of this become interesting as the US is in the early stages of the 2020 Presidential campaign. Will the Chinese sit back and wait or will a deal be struck?
Ep. 67A – Trade War: USA v. China
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