The winners and losers from the escalating US-China trade war
Which asset classes will benefit?
President Donald Trump's 10% tariffs were the latest development in the ongoing trade stand-off
The escalating spat between the US and China threatens risk assets, but is a boon for defensive holdings and could see the Chinese central bank engage in monetary stimulus to mitigate the effect on the economy, commentators have said.
Tensions between the US and China escalated last week, as President Donald Trump slapped further tariffs of 10% on $300m worth of Chinese goods that until now remained unaffected by the previous trade...
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