Less than an hour after the S&P 500 settled at the highest level since February 1st, global equity markets found themselves on the defensive after the White House provided a list and announced it would plan to move forward with a 10% tariff on an additional $200 billion of Chinese goods. This is where things escalate to a trade war and once again, we emphasize at these levels, the market has not priced in a full-blown trade war.
From:: Resource Investor