"Traders are increasingly pricing in a prolonged trade war hitting the global economy," said Jasper Lawler at London Capital Group. The futures underlying the Dow and the S&P 500 are down around 0.6%, while Nasdaq are down 0.8%. Asian and European stocks and US futures slid sharply on Monday after China's defense minister vowed not to back down in its trade war with the US.
"Traders are increasingly pricing in a prolonged trade war hitting the global economy," said Jasper Lawler at London Capital Group. The futures underlying the Dow and the S&P 500 are down around 0.6%, while Nasdaq are down 0.8%. Asian and European stocks and US futures slid sharply on Monday after China's defense minister vowed not to back down in its trade war with the US.
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China will be filling different in about 10 months when their food stores are empty from pig flu, bad harvests, etc. See if they want to negotiate for food during the winter then
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