The trade dispute between the United States and China flared up over the summer, with additional tariffs weighing on world trade. The tensions in the trade policy space sparked uncertainty in financial markets, [1] which is likely to have throttled investment and hurt global economic activity.
The conclusion of a phase one deal in the trade dispute between the United States and China has, for now, warded off the risk of the situation coming to a head again. And a “hard” Brexit has been averted, too. Yet considerable uncertainties persist. For one thing, future economic relations between the United Kingdom and the EU still have not been hammered out.