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1.Market Observations, 8.Was Sticky

27 June 2018 (AFR) – Trump trade war backfires as Harley-Davidson moves offshore

(27 June 2018, AFR, p13, by John Kehoe)

‘Donald Trump’s trade rows are starting to backfire, with Harley-Davidson announcing that tit-for-tat tariffs had forced it to shift manufacturing away from the US, sending Wall Street lower for the ninth day in 10 sessions. Equities slid in the US, Europe and Asia as investors became more fearful about the risk of a serious US-China trade war and of President Trump’s threat to slap 20 per cent import duties on European cars.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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