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Has Trump’s Tough Trade Talk Started to Bite China?

Mark O'Hara
Has Trump’s Tough Trade Talk Started to Bite China?

Global financial markets have been quite volatile over the last month. We’ve seen the United States and China take each other head-on in a trade war. After the Section 232 tariffs targeted several countries, President Trump set his sights on China, which runs a massive trade surplus with the United States. The broader markets have pared their 2018 gains amid an escalating US-China trade war. The SPDR S&P 500 ETF (SPY) is now trading with a year-to-date loss of 0.34%, based on April 12 closing prices.