China could put more pressure on the S&P 500 index, so beloved by US President Donald Trump, to make him think twice about escalating the trade war. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

How falling US stock markets can give China more leverage against Trump in the trade war

Nicholas Spiro says the US president has used the leading S&P 500 index as a yardstick of his success since taking office. Beijing could let the yuan slide further to drag the index down and discourage Washington from imposing steeper trade tariffs

TOP PICKS

China could put more pressure on the S&P 500 index, so beloved by US President Donald Trump, to make him think twice about escalating the trade war. Photo: Reuters
READ FULL ARTICLE