Why investors needs to look east, away from the USA
Trump’s trade tariffs have put the US in a state of accelerating conflict with the rest of the world
In a week that saw US president Donald Trump raining rage and fury over corporate America’s insistence on not buying into his policies, the markets have been grappling with the risks of the accelerating trade war rhetoric coming out of Washington. Usually circumspect when it comes to assessing political uncertainties, Sheila Patel, Goldman Sachs Asset Management International’s chief executive, speaking on BloombergTV, remarked that Washington’s “mixed messages about what will or won’t happen regarding protectionist measures is part of what is confusing and roiling investor sentiment”.
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