Wall Street caught between a rock and a hard place as tensions between US and China rise

Trade war has caught Wall Street between a rock and a hard place

The trade war between China and the US has spiraled into uncharted territory. On April 10, the Trump administration imposed a tariff of 125% on all Chinese imports. China called the actions unfair and responded with similar measures. Within the broader debate around unravelling economic ties between the US and China, where economic interdependence has […] The post Trade war has caught Wall Street between a rock and a hard place appeared first on…

Wall Street caught between a rock and a hard place as tensions between US and China rise

American investment bank JP Morgan's logo on its Hong Kong office. Tada Images / ShutterstockThe trade war between China and the US has spiralled into unchartered territory. On April 10, the Trump administration imposed a tariff of 125% on all Chinese imports. China called the actions unfair and responded with similar measures. Within the broader debate around unravelling economic ties between the US and China, where economic interdependence has…

Wall street tries to play the double game: the planet finances in the USA (i.e. not only "the stock market" but the civilization that created itself in this tentacular orbit of globalized and financial capitalism) seeks both to adapt to the Chinese capital markets while trying not to upset the United States, increasingly interventionist and culminating protectionist authoritarianism of capital with Trump.