ECM settles in for long trade war despite tariff delays

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By Sam Kerr
14 Aug 2019

Equity capital markets bankers and investors are coming to terms with the idea that there may not be a trade deal to end tensions between the US and China this year, despite the former delaying some of its latest tariffs on Chinese goods until the end of the year.

On Tuesday, the US announced a partial delay to the imposition of additional tariffs on Chinese imports. Equity indices reacted well to the news and the S&P 500 gained 1.4% in intraday trading; the gains were wiped out on Wednesday and Thursday as recession fears loomed over markets.

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