Markets shudder as trade tensions reach an ear-piercing crescendo

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Investors are struggling to shake off the pounding hangover from yesterday’s dramatic global selloff as US-China trade tensions took a dangerous turn for the worse.

Any hopes of a resolution to longstanding trade disputes between both sides were thoroughly quashed after the Chinese Yuan slipped past the psychological 7.0 mark for the first time since 2008. With the US Treasury Department wasting no time in labelling China a currency manipulator for the first time since 1994, this could open doors to more US sanctions against China. Heightened fears over trade disputes between the two… Read More:

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