It has been a rough, volatile week for markets globally, which woke up on Monday to US President Donald Trump’s tweets about raising tariffs on Chinese imports to America.
And this volatility is set to continue on Thursday after another night of mixed signals, where Trump expressed his optimism over a trade deal, but Beijing signalled it would retaliate if the White House follows through with its tariff threat.
Moreover, overnight, the US Trade Representative’s office took a formal step towards implementing the tariffs by publishing a Federal Register notice confirming the duties will increase.
And with China’s top trade negotiator, Vice-Premier Liu He, in Washington on Thursday and Friday for the high-stakes talks, it might be awhile before calm returns to bourses worldwide.
Join us, Zhang Shidong in Shanghai and Azar Zaidi in Hong Kong, for what promises to be another roller-coaster ride.