Below is an extract of a post published on Guardian titled "Trade war: Trump's threats jolt markets as hopes of China deal fade - business live"
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Make america great again.- Donald Trump.
What counts is not necessarily the size of the dog in the fight. It's the size of the fight in the dog.- Dwight D. Eisenhower.
The best executive is the one who has sense enough to pick good men to do what wants done, and self-restraint to keep from meddling with them while they do it.- Theodore Roosevelt.
Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak and esteem to all.- George Washington.
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Via: Guardian
Rolling coverage of the latest economic and financial news 7.52am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The season of goodwill may be approaching, but clearly no-one told Donald Trump. Related: Trump says China-US trade deal could wait until after 2020 election Mr Trump has completely taken the momentum out of financial markets this week and the December 15th date will increasingly become a focal point over the next couple of weeks. Last week the mood music suggested that even if a “phase one” deal hadn’t been reached by then, then there was a good chance tariffs planned to be implemented on that date would be postponed. After the stepping up of negative global tariff rhetoric over the last 48 hours, yesterday’s headlines suggesting that the US is going forward with the December 15 tariffs grabbed the limelight, although markets had already been trading weaker prior to that. Related: Markets in tailspin amid fears US-China trade deal is in peril Chinese #nickel futures tumbled 4% amid concerns about oversupplies. Indonesia recently resumed nickel exports and the market expects the country’s nickel exports to hit a new high in December. pic.twitter.com/ymAGPCXo6d Continue reading…
