Moody's warns consequences of a breakdown in US.-China trade talks

Moody's:

If an abrupt breakdown in US.-China trade talks happen, would lead to policy uncertainty, increased risk aversion and abrupt repricing of risk assets globally.

China has already pledged to increase tariffs by 1st June ($60B on U.S. goods), something that Trump has warned them against doing...or things could get a lot worse.

May 14, 2019

Wall Street closes in the red following Chinese retaliation, DJIA bears eye 4HR 200 SMA

China launched its own broadside of tariffs on $60 billion of U.S. imports in retaliation to the Trump administration raising tariffs on $200 billion

Moody's warns consequences of a breakdown in US.-China trade talks

Wall Street closes in the red following Chinese retaliation, DJIA bears eye 4HR 200 SMA

New Zealand Visitor Arrivals (YoY) below forecasts (3.3%) in March: Actual (-2.6%)