Trump turns the screw
For several weeks, the global wrangling over trade had somewhat faded into the background as an issue for the capital markets. At the beginning of May, however, the dispute between the US and China flared up again. New tariffs have already been approved. Meanwhile, the US president has imposed stricter sanctions on Iran. It is also nearing decision time for the US with regard to levies on car imports. In this instance, however, the signs are pointing towards an easing of tensions.