Even without this latest salvo, trade tension persists. US-China might have reached a so-called Phase One deal. It remains to be seen if this is sufficient to eventually end the trade war.
SINGAPORE (Jan 10): Most people usher in the new year with fireworks or by partying with family and friends. For US president Donald Trump, his way of marking the new decade was to assassinate a top Iranian general with drone-fired missiles, thereby raising tensions in the Middle East considerably. Global stock markets, which crossed from 2019 to 2020 in a bullish mood, were spooked right away.
“Trump welcomed the new year with a bang,” says Suan Teck Kin, United Overseas Bank’s group head of global economics. He was speaking at sister company UOB Kay Hian’s half-yearly Analyst Day on Jan 4.
