Economics
Trade War Escalation Sparks Shock Waves and Sell-Offs
- U.S. raised tariffs on Chinese good as trade talks continued
- Malaysia, Philippines cut key rate as Brazil, Chile stayed pat
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Emerging-market equities saw their worst rout last week since February 2018, while currencies extended a four-week losing streak as trade clashes intensified between the world’s two largest economies. The U.S. ratcheted up tariffs on $200 billion of goods from China, which vowed to retaliate.
Read here, our emerging-market week ahead story: