Trump Trade War Escalates

Market Overview August 2018 The trade war rhetoric became pertinent as China and the US implemented more tariffs on each of their economies. Despite this escalation, global markets continued to push forward as Trump’s trade war was shrugged off by increasing corporate earnings and a generally positive global backdrop. The UK raised interest rates to 0.75%, the highest level since 2009, indicating their belief that the underlying economy is strong enough to support this action. US Donald Trump is still pursuing his battle with China as he attempts to alleviate the trade imbalance between the two largest economies of the world. The key question for investors is how this is going to affect the

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