Trade War: Everything has changed

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Trade War: Everything has changed

By Blu Putnam, Chief Economist, CME Group


  • Equities hit hardest by trade war as tariffs cut into companies’ profit margins
  • Companies have lost pricing power, absorbing tariffs to maintain market share
  • Did market forces weaken the Chinese yuan or was it a managed depreciation?
  • A major breakthrough in the drawn-out dispute seems improbable at the moment
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