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Is the US-China Trade War Inevitable Now?

Mark O'Hara
Is the US-China Trade War Inevitable Now?

On September 8, China released its trade data for August. The country’s trade data, which is one of the most followed economic indicators, has seen even more scrutiny this year amid the US-China trade spat. Both China and the United States have imposed tit-for-tat tariffs on billions of dollars of goods and threatened more tariffs. Broader US markets came under pressure last week amid fears of an escalation in the US-China trade war. The SPDR S&P 500 ETF (SPY) and the PowerShares QQQ ETF (QQQ) were in the red last week. However, both these ETFs are in the green for the year.