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Investors brace portfolios for longer U.S.-China trade war
Investors are losing faith that a U.S.-China trade deal could happen soon and are bracing their portfolios for a more prolonged battle that could hamper global growth. An escalation in recent days in the long-running trade dispute between the world's two biggest economies has stoked fears of a global economic slowdown, causing a sell-off in stocks led by trade-sensitive names and a move into low-risk assets like U.S. Treasuries and gold. China on Monday said it would impose tariffs ranging from 5% to 25% on 5,140 U.S. products on a target list worth about $60 billion (£46 billion) from June 1, striking back after the United States raised duties last week.
https://finance.yahoo.com/news/investors-brace-portfolios-longer-u-063952138.html?.tsrc=rss
Investors are losing faith that a U.S.-China trade deal could happen soon and are bracing their portfolios for a more prolonged battle that could hamper global growth. An escalation in recent days in the long-running trade dispute between the world's two biggest economies has stoked fears of a global economic slowdown, causing a sell-off in stocks led by trade-sensitive names and a move into low-risk assets like U.S. Treasuries and gold. China on Monday said it would impose tariffs ranging from 5% to 25% on 5,140 U.S. products on a target list worth about $60 billion (£46 billion) from June 1, striking back after the United States raised duties last week.
https://finance.yahoo.com/news/investors-brace-portfolios-longer-u-063952138.html?.tsrc=rss
