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NOTHING IS PERMANENT EXCEPT CHANGE

The American business community generally welcomed the latest round of US-China trade talks but it highlighted the absence of agreement over a concrete way of ensuring that Beijing delivers on its promises, a much tougher challenge for the future. Implementation of any deal must be “subject to ongoing verification and effective enforcement”, a point raised […]

J.P. Morgan’s Marko Kolanovic estimates that President Trump’s tough talk on trade has destroyed $1.25 trillion in market value since March. Trump has for months used his pulpit and economic tariffs to try to effect change in trade deals the administration deems unfair. “If this uncertainty hangs over the market for a more extended period […]