Analysts at Danske Bank suggest that ahead of the G7 meeting this week, focus remains on the outlook for global trade given the US’s move to impose tariffs on steel imports from Europe, Canada and Mexico and the failed trade talks between China and the US over the weekend.
Key Quotes
“Yesterday, Mexico unveiled tariffs against US agricultural and steel products in retaliation to last week’s US tariffs. The Mexican move follows EU and Canadian announcements of similar retaliatory moves, which are prompting investor concerns about the outlook for global trade.”
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