Futures Trading Update

Trade War Implications for the Economy and Markets

Posted 07/20/2018 8:08AM CTCME Group

By Bluford Putnam, Chief Economist, CME Group

Fallout from the escalating Sino-U.S. trade war is rippling through financial and commodity markets and, if prolonged, could impede growth in both nations.

  • Large-cap U.S. stocks more vulnerable to trade war fallout
  • Trade war uncertainty, higher rates could be a drag on H2 growth
  • Chinese exports are slowing, yuan is weaker amid tit-for-tat tariffs  
  • Chances of a compromise over tariffs better after mid-term elections

CME Group