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1.Market Observations, 8.Was Sticky

13 July 2018 (AFR) – Donald Trump doubles down on trade

(13 July 2018, AFR, p2, by Jennifer Hewett)

‘Donald Trump is, as usual, doubling down on his bet. Markets and industry are suddenly taking the likelihood of a real trade war far more seriously now that the US President has dramatically upped the stakes to promise a 10 per cent tariff on $US200 billion ($270 billion) worth of Chinese exports to the US. The products affected range from seafood to furniture to electronics components, with the new charges to take effect in two months or so following hearings convened by the White House in late August. But the detailed list of just which goods would be affected suddenly make Trump’s threatening trade rhetoric seem very real across the real economy.’

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

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