12 July 2019 Global equity markets are at (or approaching) all-time highs. What's not to like? In particular, the US market has been buoyed by the Sino-US trade truce achieved at the Tokyo G20 meeting, the prospect of Federal Reserve interest rate cuts, and solid employment gains. Indeed, our year-end 2019 S&P 500 target of [...]
20 June 2019 The escalating trade war between the USA and China has already taken its toll on the global economy, with the export-oriented manufacturing sector hit hardest. And, it's not just the US and China feeling the pain. The following Chart highlights the slump in exports world-wide, especially in the open Asian economies. The [...]
8 June 2019 President Trump's recent decision to hike tariffs on an additional $200 billion of Chinese exports escalated the trade war. The US administration has suggested they will consider levies on a further $300 billion of US imports from its Asian partner following the June G20 meeting. It remains unclear if the imposition of [...]
23 May 2019 President Trump's decision to raise tariffs to 25% on $200 billion of Chinese imports, and his suggestion an additional $300 billion of purchases could soon be subjected to similar levies has brought the trade conflict to a new level. China is certain to retaliate. Understandably , the escalation of the trade war [...]