Trump’s war on trade – “This is the first of many”

“This is the first of many.” With those words Trump sent a tremor through markets as he signed a memorandum slapping tariffs on up to $60 billion of Chinese goods.

The memorandum allows a 30-day consultation period giving it room as an opening gambit to wring concessions from China.

China is seeking to manage and contain a trade war but may look for an advantage to promote domestic sectors.Read more >