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Trump Targets China with Tariffs

publication date: Mar 22, 2018
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Image: Shanghai, China (December 2016), Andrey Filippov. 

Stock markets in the US are slowly building in the prospect of retaliation (a “trade war”) from China, as a result of President Trump’s new tariffs. We maintain our view that the stock market has been frothy for some time, and the recent volatility may just be the beginning of a reversion to normalized valuations, with or without concerns about global trade.


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