Market Maelstrom Returns As China Escalates Trade War With Sanctions, Tit-For-Tat Port Fees
From zerohedge.com
Global equity futures slipped on Tuesday after China vowed to "fight to the end" in its trade war with the U.S., following President Trump's threat last week to impose 100% tariffs on Chinese goods. Despite Washington's attempts to soften its tone over the weekend, tensions are intensifying into the new week: both countries are imposing new docking fees on each other's vessels, signaling deepening Sino-US relations ahead of Trump-Xi talks. Adding to the flaring tensions, Beijing sanctioned five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean, while U.S. Treasury Secretary Scott Bessent accused China of ...
(full story)