Experts decode implications of trade war on global economy and markets

If global trade volume shrinks on account of this trade war, our exports are bound to be buffeted. The expected double-digit growth in exports in FY19 may not happen

Indian markets tumbled in line with global peers on Friday amid rising global trade war fears. US President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of Chinese goods including steel, although the measures have a 30-day consultation period. In retaliation, China unveiled plans to impose tariffs on up to $3 billion of US imports.

Here is a quick compilation of how leading experts interpret the situation and its implication for the global economy and financial markets.

Christopher Wood, Managing Director and Equity Strategist at CLSA

Trump seems totally focused on actually trying