Fear Of US-Asia Trade War Spooks Investors
- 6 years ago
Asian stocks trembled Wednesday as the Chinese yuan stood near 11-month lows.
Fears of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline.
At issue is the threat of U.S. tariffs on billions of dollars worth of Chinese imports.
Many investors fear Washington will impose tariffs on $34 billion worth of Chinese goods July 6th.
Beijing has vowed to retaliate with tariffs on U.S. products, risking a full-blown trade war.
Fears of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline.
At issue is the threat of U.S. tariffs on billions of dollars worth of Chinese imports.
Many investors fear Washington will impose tariffs on $34 billion worth of Chinese goods July 6th.
Beijing has vowed to retaliate with tariffs on U.S. products, risking a full-blown trade war.