Trade War to Last Longer Than Boost From Fed Cuts, Analysts Say
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Emerging-market investors said Friday’s escalation in trade tensions between the U.S. and China is likely to prevent any rebound in asset prices.
While another rate cut by the Federal Reserve could provide some relief in the short term, trade tensions are expected to linger for much longer. China’s decision to impose $75 billion in retaliatory tariffs on U.S. goods shows that no quick resolution is in sight. Donald Trump said he would respond later today.