Trade War: Are U.S. Tariffs More Painful Overseas, or at Home?

Trade War: As U.S. Tariffs Fully Kick In, What Is the True Impact?

By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group

Trade War: Impact on Earnings, Soybeans, Oil and Treasuries

Video Highlights

  • Showing no sign of abating, will trade war impact corporate earnings in 2019?
  • Could U.S. soybean exports permanently lose China market to Brazil, Argentina?
  • Emerging market FX crisis is reducing demand for crude oil, Treasuries
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China: Is the Trade War’s Impact Overblown?


  • U.S. import tariffs have not significantly dented China’s growth so far
  • A 10% slump in renminbi-dollar rate since April has offset some effects of tariffs
  • Could weakening renminbi dampen China’s demand for commodities?
  • China’s debt grew at twice the rate of GDP in Q1, raising concerns
Read Article
Trade War

Tracking the Trade War and Global Markets

How would a global trade war affect the markets you trade? Our experts discuss potential short- and long-term impacts.
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