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The global markets had one recurring nightmare – a trade war between the world’s two largest and most influential economies. We are talking about none other than the United States and China.
While much of the rhetoric which made headlines during the course of Trump’s Presidential campaign, such as the building of a wall along the Mexican border and a huge $500 billion infrastructure deal, never came to pass, the President has followed through on one threat; the trade wars.
The dramatic opening shots in this war were fired when President Donald Trump announced that he would be imposing tariffs on Chinese exports to the U.S. Beijing, very swift in its comeback, outlined plans to impose tariffs of its own.
This ever-growing antagonism led us to believe (and rightfully so) that this impending trade war, was only headed for further escalation. Did it come as a surprise to the markets? Perhaps, but the truth is it shouldn’t have. Trump’s stiff stance on trade has always been consistent. He c...
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