EDITORIAL: Huawei ban threatens global economy

The abrupt tech sell-off showed “how ugly things can become if both sides start to escalate conflicts”, local money manager Vestact told its clients.

That has caused much stress in global markets and also risks serious harm to US companies, who are faced with the prospect of having to increase prices for local consumers or cut jobs in the face of tariffs. “America First” may harm the US the most. For China too, the consequences would be damaging, not least from the subsequent drop in value of its remaining holdings and the challenge of finding alternatives to the world’s biggest and most liquid bond market.

. The Organisation for Economic Co-operation and Development said this week that the dispute had led to an abrupt slowdown in global growth.

No wonder realDonaldTrump is heading to Japan to see if whether he took a rightful decision or not.

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