Global trade war roaring back!

China blames US for escalating trade war; Trump’s 130% tariff-threat (effective from Nov 1) on Chinese exports dampens investor-sentiment globally

- FPJ News Service

The global market sentiment has again turned negative. Investors in India would track the renewed tariff tensions between the US and China this week besides domestic inflation data, quarterly earnings from blue-chips HCL Tech, Infosys and Reliance Industries, Fed Chair Jerome Powells speech and FPI inflows.

“FPI inflows will depend on how this renewed trade war pans out in the coming days,” said Dr. VK Vijayakumar, chief investment strategist at Geojit Investments.

Meanwhile, Beijing has slammed Donald Trump’s plan to impose additional 100% tariffs on Chinese exports (on top of the 30% tariffs already in effect) and threatened new countermeasures as it blamed the US for escalating tensions between the world’s two biggest economies.