Trump signs order, setting the stage to ban Huawei from the US
That’s leaving markets in a bit more of a cautious mood as we begin the trading day, with the yen holding higher amid weaker US equity futures and Treasury yields. The thing to look at next in this saga will be how will China retaliate against these measures here?
There is no doubt that they will find some way to get back at the US for this – whether or not the action is right or wrong is very much a separate debate though sadly – as they will seek to defend their own interests in the matter regardless.
And so the battle continues…