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Trade war escalation and impact on world trade and economic growth
Monday 16 September 2019
Market News
Trade tensions re-escalated during the summer. Starting on 1 September, the US Administration introduced new tariffs and China retaliated simultaneously. More tariffs are likely from the US side, including an increase in tariffs already in place from 25% to 30% and new tariffs on the last tranche of imported goods from China. Concerning extra-tariffs measures, in August the temporary licenses granted to US companies to operate with Huawei were extended upon their expiration but, so far, with no additional structural guidance. Read More
Trade tensions re-escalated during the summer. Starting on 1 September, the US Administration introduced new tariffs and China retaliated simultaneously.
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