UBS Global Wealth Management’s Kelvin Tay says the White House is using tariffs as “more of a bargaining tool, a negotiation tool.” According to Tay, positioning in Chinese equity markets and some other Asian markets is “a lot lighter today compared to 2018 when we first had the US-China trade escalation.” He adds that “this time around the markets are likely to be a little bit orderly and not a chaotic as before.” (Source: Bloomberg)Read More