China fund managers are preparing to move into more domestically-orientated stocks amid growing concerns that fears of a full-blown trade war with the US could turn into a reality, following a fresh round of threats from President Donald Trump.
After months of warnings of a potential trade war, the President finally took action on 3 April 2018, placing 25% tariffs on roughly 1,300 Chinese goods, which will target about $50bn of 2018 imports. China's response followed less than 24 hours later, which was to target up to $50bn on 106 US products annually. President Trump subsequently threatened to place an additional $100bn of tariffs on Chinese goods. 'A policy mistake of gigantic proportions': Markets and experts react as China hits back at Trump'strade tariffs Justifying this latest threat, Trump tweeted: "When a car is ...
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