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TNA - May Economic Update: Just When Things Were Looking Up
Direxion Small Cap Bull 3X Shares
By Mark Cliffe, Chief Economist and Head of Global Research of the ING Group
Trade tensions return
Just as pockets of optimism had begun to emerge in the global economy, trade tensions are back. President Trump has taken the trade war a step further with the imposition of fresh tariffs on China, which also raises questions about the possibility of auto tariffs. We still think a US-China deal remains likely, not least because President Trump will not want a damaged economy and stock market as he heads into a key election year. But, in