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1.Market Observations, 8.Was Sticky

12 July 2018 (AFR) – Escalating US-China trade tensions spook markets again

(12 July 2018, AFR, p11, by Michael Smith)

‘Escalating US-China trade tensions triggered a sell-off on Asian stockmarkets on Wednesday after Donald Trump pushed ahead with threats to impose tariffs on an additional $US200 billion ($270 billion) worth of Chinese products. The move also prompted a swift rebuke from Beijing, which called on the rest of the world to unite against “trade bullying”. China warned it would take “necessary countermeasures” as the Trump administration published a list of thousands of Chinese products that would be affected by 10 per cent tariffs expected to come into force in two months.’

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


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