ECM settles in for long trade war despite tariff delays

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.

  • By Sam Kerr
  • 14 Aug 2019

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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