US and UK markets lose all the gains of a year as trade tensions
suddenly look ominous
Investors were already confused about where the great US-China
trade war was going next, not least because President Trump is
capable of sending contradictory signals in the space of two
tweets. Now they’re seriously alarmed.
The arrest in Canada of Huawei’s chief financial officer, Meng
Wanzhou, who faces extradition to the US, is a diplomatic
incident. And it has arrived just as the US and China have given
themselves 90 days to negotiate a major trade deal.
Source: FS – All-News2-Economy
Panic as the US-China trade war truce lasts less than a week | Nils Pratley