Investors’ focus is unlikely to waver in the coming week from Donald Trump’s trade war.
After the US president’s blitz of tariffs sparked a global sell-off this week — in a rout that intensified when China retaliated with 34 per cent tariffs of its own — markets will be highly sensitive to any signs that the trade confrontation is escalating.
China’s response “makes a near-term deal to end the trade war between the two superpowers highly unlikely”, said Leah Fahy at Capital Economics.
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