Global markets already caught in the crossfire of Donald Trump’s escalating trade conflict with China took yet another hit, after the US pushed ahead on Wednesday with plans to impose tariffs on an additional $200bn in Chinese goods. Stocks and industrial metals were most affected in the wake of the news, while havens from the yen to US Treasuries reacted with modest gains. The 10% tariffs proposed on items from clothing to television components to refrigerators further escalates a trade conflict that has helped wipe out $2-trillion in value from global stock markets in the past month, according to data compiled by Bloomberg. "The fear is that the trade war is far from being over and tariffs will be enacted on both sides, reducing international trade and causing inflation, hurting investor sentiment," Tim Ghriskey, chief investment strategist with Inverness Counsel, said in a phone interview. "The fear about these tariffs that the markets have is real." Here’s a look at how various ...
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