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Focus on Trump’s trade war — #SaxoStrats
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Saxo Bank’s head of equity strategy Peter Garnry discusses why he feels sentiment is changing over US president Donald Trump’s trade wars.
The US plans to set import tariffs of 25% for steel and 10% for aluminium. Garnry explains why China’s economy will not be greatly impacted by the moves.
He also discusses levels in key indices such as the Nikkei 255 and the STOXX 600.