BNP Paris on risk of trade war

Trade war risks are back in focus

  • Investors are grappling with another wave of Sino-US trade war angst
  • Markets have suffered from renewed volatility
  • De-globalisation is at the heart of the trade war

We have long argued that there is more than trade to Sino-US tensions and de-globalisation is a medium to long-term theme. We are not surprised to see a flare-up in tensions

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