Low Beta ETFs For A Volatile Market
Zacks Investment Research | Aug 07, 2019 10:59PM ET
Since the start of August, the stock market has been affected by worsening U.S.-China trade war and fears of global slowdown, especially after President Donald Trump unexpectedly threatened to impose a new tariff of 10% on the remaining $300 billion of Chinese goods effective Sep 1.
The new duty, which is expected to increase 25% or more later, will be levied on a long list of goods including smartphones, laptop computers and children’s clothing. With this, the United States will effectively tax all Chinese imports. China retaliated by allowing the yuan to slip to the lowest level against the dollar in more than a decade, sparking currency war concerns. Per Bloomberg News, China has halted imports of U.S. agricultural products (read: Zacks Investment Research
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