Author: Philippine Daily Inquirer

While financial markets are betting the U.S. and China will pull back from an all-out trade war and that Trump will cut deals to avert higher tariffs on others, the sheer uncertainty of where this ends has become a major drag factor in itself. “U.S. tariff policy is a serious negative shock for the world in the near term,” said Isabelle Mateos y Lago, group chief economist at French bank BNP Paribas. Trump’s administration has also suggested it is close to deals with countries including India, South Korea and Japan to avert more tariffs in weeks to come.Read More

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