So says US President Donald Trump, a day after deciding to impose tariffs on steel and aluminium imports. The so-called trade wars between the US and China have ramped up significantly in recent days, with a series of tit-for-tat levies being announced. The latest move from Beijing has targeted the agricultural sector with tariffs on Soybeans and Corn futures both being hit almost immediately in the market reaction. Soybean futures for May fell more than 3% in less than an hour with US exports to China of the crop last year coming in at more than $12B.
What will be the response from US and Trump - and how could the markets be affected? In addition, tension over Syria has made investors nervous. Navigate the volatility with our special Trade Wars Guide, where you’ll be supplied with everything you need to take advantage of any potential market movement.