Big shocks fomenting from escalating trade fights

“This (further US tariffs on Chinese goods) is damaging; it presages a situation of trade tensions going from bad to worse, and casts doubts on whether a trade deal can be reached before the US presidential election, ” said Lee Heng Guie(pic), executive director, Socio Economic Research Centre.

FEELINGS of bitterness, resentment and mistrust engendered by intensifying trade wars involving more nations now, are set to further damage global harmony.

Disruption in economic growth follows as trade war agendas unravel, damaging companies and displacing the workforce.