JSE could lose 2% on Friday as Donald Trump ups trade-war ante
The all share was on track for its worst day in over two months on Friday morning, after Trump issued new tariff threats against China
02 August 2019 - 10:53
Threats by US President Donald Trump to impose an additional 10% tariff on $300bn worth of Chinese goods at the end of August put the JSE under pressure on Friday morning, with the local bourse on track for its worst daily loss in two months.
Trump's threat overnight has confirmed the US and China are not yet closing in on a deal, offering the prospect of a prolonged and economically damaging trade conflict between the world's two largest economies. Equities, including the JSE, had found support earlier on news that talks would resume in Shanghai this week...
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