Market Insights

The week has been quite eventful as the Trump Administration has slapped a 25% tariff on $50 billion of annual imported high-tech Chinese goods. China on the other hand, with his forced hands have retaliated by implementing a 25% tariff on US soybean, aircrafts, automobiles and chemicals imported into the country. This current situation has left investors reluctant to take further positions in investment instruments aside “safe haven” assets.

President Trump also tweeted that Amazon has taken a lot of revenues from the US postal service and would have to restrict its services. This coupled with risk-off from a possible trade war have driven a stream of bearishness into technology stocks and indices. Currently, investors are weary as the markets is stuffed with uncertainty.

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