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Trade Tensions Heat Up: What Does It Mean for Investors?
Investors took most of last week’s potential market-moving events in stride: a tempestuous meeting of the G7 in Quebec; a historic North Korea/U.S. summit in Singapore; and another quarter-point rate hike by the Federal Reserve. But the announcement of the U.S.’s planned tariffs on Chinese imports has sent stocks lower. Back in March, trade relations between the United States and China began to deteriorate when President Donald Trump imposed new tariffs on aluminum and steel. In response, China’s Ministry of Finance announced a new round of tariffs of up to 25% on U.S. products. Although at the time, many saw ... (full story)