After US$900 billion plunge in global equity markets, here’s what Wall Street is saying about US tariffs and the possible trade war
Is a trade war incoming? Is the US doomed? Or will China roll over in the face of Donald Trump’s tariffs? Wall Street experts have their say
After a $900 billion, 24-hour wipeout for global equity markets, traders are left trying to suss out what comes next amid heated rhetoric over tariffs and retaliation.
Some analysts are urging investors to take cover, others say the reaction has already been way overblown.
The anxiety camp looked to be in charge late Friday, as the S&P 500 Index turned sharply lower on its way to the worst week since the February sell-off.
Other markets are more sanguine. Treasury yields edged up but sit well off the highs of the past few weeks after President Donald Trump announced plans to slap tariffs on US$50 billion worth of Chinese goods Thursday.
China fired back in a relatively muted response, with new levies on just US$3 billion of US goods.
Is a global trade war imminent? Here’s a round-up of what Wall Street has to say.