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Investors fret about a trade war, but they aren't fleeing the stock market

Investors fret about a trade war, but they aren't fleeing the stock market

Finance
At a conference held by a top investment bank in Manhattan last week, attendees were asked to submit what they thought was the biggest risk to the global economy. When their concerns showed up on the conference screen, these words were the most popular: Trump, trade war and protectionism. Outside, meanwhile, the stock market was having another up day. In recent weeks, against the expectations of many on Wall Street, investors have not run for the exits as President Trump has stepped up trade brawls with China, Canada and the European Union. On Friday, when the Trump administration and China announced tit-for-tat tariffs on $ 50 billion of goods from each c...
WTO countries fret over Brexit plans

WTO countries fret over Brexit plans

Business
The UK and EU have formally set out plans for World Trade Organization commitments post-Brexit, but they have already been opposed by some countries.The issue is about how much of certain goods can be imported at reduced tariffs after Brexit. These quotas currently apply to imports anywhere in the EU.But seven nations, including the US and Canada, have already made it clear that they think plans to divide existing quotas will put them at a disadvantage.After Brexit, exporters of goods will need to know what access they can expect to the separate markets of the UK and EU. The dissenting nations object to proposals from London and Brussels about how they plan to handle access to their markets for about 100 mainly agricultural goods. They feel that proposals for dividing quotas for goods impo...