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Financial markets must wake up to the damage and havoc wreaked by this US-China trade war
The phoney (trade) war has been going on for many months since Donald Trump first threatened and then began to unleash tariffs against China and others; so much so that financial markets - the US stock market in particular - have begun to believe that the scare is indeed “phoney.” It is not, and that truth is about to dawn. The global economic expansion of recent times “may now have peaked” with growth becoming slower and less broad-based, the Organisation for Economic Co-operation and Development (OECD) said in its latest Interim Economic Outlook. If that does not give financial markets pause for thought, ... (full story)
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