While you were sleeping: Wall St slides as protectionism looms

Wed, 07 Mar 2018

By Margreet Dietz March 8 (BusinessDesk) - Wall Street declined, while US Treasuries rose, as concern about a global trade war, sparked by US President Donald Trump’s plans to impose tariffs on steel and aluminum imports, intensified. "It looks increasingly likely that President Trump’s plan to impose tariffs on imports of steel and aluminium on grounds of national security will be implemented in some form," Andrew Kenningham, chief global economist at Capital Economics, wrote in a note on Wednesday. "If so, other governments including t...

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