Here’s what happens to markets if US tariffs on China kick in next week

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Trump may be at the Nato summit in the UK, but all eyes are, in fact, on his tariff policy, and what will happen in the next two weeks. This week he said he saw no urgency in completing a deal with China, and has also announced new levies on different trading partners, according to Bloomberg. Tariffs on Chinese goods are scheduled to come in on 15 December, and the US has also placed steel tariffs on Brazil and Argentina and is threatening France. One economist, noting fragility in the market, said: “We would hope a bout of commonsense breaks out.”