Global Macro Service > Research Briefings > Global
Markets remain vulnerable to renewed tensions, despite the US-China trade war truce. In our review of 80 trade war events since President Trump’s election, we find: (i) consistent, broadly symmetrical market responses on average; (ii) an increase in market sensitivity more recently; but (iii) limited reactions overall, especially compared with the likely fall-out from a major trade war escalation.
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