The tariff wars are ratcheting up. But now are more trading tactics and before the 20 May we can see more and more before they come into effect.
Buy this is brutal style of negitiation could lead to some real minor concession from China to let Trump save face. At the end the American is the largest consumer. And nothing would have happened (aside the Republican saving some election in the mid term November election).
If I am wrong I think we should not worry about the markets.
A real trading war will throw the US and West into a depression with inflationary pressure and China food inflation that would turn into insurrection.
The elites, confronted with this scenario, will resort to the traditional solution. A real shooting war China/Russia vs US and the West.
The markets will be the last thing to worry about, unfortunately
investorpolitico 