US President Donald Trump has a "valid point" for implementing trade tariffs on China, despite prompting fears of a global trade war, as it will "level the playing field", according to Sanlam UK chief investment officer Philip Smeaton.
Under the White House's latest proposal, the administration plans to identify $200bn worth of Chinese goods on which to impose a 10% tariff that Trump claimed was necessary to rebalance a $337bn US trade...
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