US and UK markets lose all the gains of a year as trade tensions suddenly look ominous
Investors were already confused about where the great US-China trade war was going next, not least because President Trump is capable of sending contradictory signals in the space of two tweets. Now they’re seriously alarmed.
The arrest in Canada of Huawei’s chief financial officer, Meng Wanzhou, who faces extradition to the US, is a diplomatic incident. And it has arrived just as the US and China have given themselves 90 days to negotiate a major trade deal.