Markets Show U.S. Gaining Upper Hand Over China in Trade War
- Gains for U.S. asset classes outpacing moves on the mainland
- Central-bank action, economic data also behind performance gap
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The U.S. is starting to overtake China in the trade war, at least in financial markets.
Treasuries have held on to this year’s rally, the dollar remains strong despite three interest-rate cuts and U.S. stocks have been notching a string of records.