Markets are still coming to grips with the reality of the trade war after many months of complacency.

The first trade war since the 1930s has escalated and may continue for years to come.

Trump may not be done with tariffs. In the days and weeks ahead, we can expect further mentions of tariffs on all Chinese goods entering the U.S.

If Trump does go ahead with further tariffs, you can expect China to retaliate again, as it did in response to the latest U.S. tariffs.

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