16 July 2018

Bassanese Bites: Strategic Retreat? – Week beginning: 16 July 2018

The key highlight across global markets last week was the fact that Wall Street simply shrugged in the face of an escalation of the trade wars. As noted last week, Wall Street rallied on the day America’s first instalment of tariffs on $US50 billion of Chinese imports came into effect, which China retaliated against with tariffs of its own. But Wall Street then shrugged last week when Trump announced he may impose tariffs on a further $US200 billion of Chinese imports due to China’s retaliation.

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