06-11-2018, 12:21 PM
Talks of a trade war with China have momentarily taken a backseat to increasingly acrimonious negotiations with Canada, Mexico and the European Union, as President Donald Trump spent much of the last week exchanging barbs with major economic partners. However, one veteran market watcher warned that investors should stay vigilant on the threat from China – because it could roar back to roil markets if the U.S.-North Korea summit goes awry.
US-North Korea summit may decide a China trade war: Jack Ablin
Europe will implement counter-measures against U.S. tariffs on steel and aluminum just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret about President Donald Trump’s abrupt decision to withdraw support for a G7 communique.