During President Trump’s first U.S.-Chinese trade war in 2018, American companies flocked to Vietnam to sidestep escalating tariffs, and the country became increasingly critical to their bottom lines. But in Mr. Trump’s escalating trade fight across the globe, Vietnam has become a new target. Tensions were so high that there were doubts about whether American…
The trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs.Strategists at Goldman Sachs recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. Source link
A sharp sell-off in U.S. government bond markets has sparked fears about the growing fallout from President Trump’s sweeping tariffs and retaliation by China, the European Union and others, raising questions about what is typically seen as the safest corner for investors to take cover during times of turmoil. Yields on 10-year Treasuries — the…