Last week, the US and China announced that they had agreed to hold off on imposing crippling tariffs on each other and would talks until a deal could be reached. On Wednesday, the two powers said they agreed on a broad outline of a deal that would save Chinese telecom giant ZTE. But now US President Donald Trump has said there is no deal on that front and he is not satisfied with the trade talks. This has reignited the fear of a possible trade war, which would be detrimental for the global economy. Emerging-market currencies are under pressure and so is the pound, as Brexit and Italian pressures weigh. What does this mean for SA? Standard Bank’s head of G-10 strategy, Steven Barrow, spoke to Business Day TV to provide more insight into the trade tiff. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.
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