Global markets rattled by the prospect of a trade war

In the end global equity markets finished last week positively, buoyed by a strong US employment report and by hopes that a hastily convened meeting between President Trump and North Korea’s Kim Jong-un might herald a rapprochement between the two countries, putting an end to fears of a nuclear confrontation. However, this was not the story of the whole week in which markets were rattled by the threat of a global trade war after President Trump announced sweeping tariffs on steel and aluminum imports.

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