Investment Strategy: Reason for optimism despite trade war worries

News item -

The economy continues to do well and company fundamentals remain sound. As long as trade war worries do not lead to a severe deterioration in business confidence, the ABN AMRO Global Investment Committee believes there is reason to be optimistic. The committee therefore remains comfortable with its current moderate overweight in equities and decided, at its meeting on 12 July, to leave its asset allocation unchanged.

Trade war concerns have intensified over the past few weeks. Early in July, the Trump administration imposed import tariffs on USD 34 billion worth of Chinese products. China was quick to retaliate. Last week, the White House went a step further by announcing that preparations for tariffs on a much more extensive range of Chinese goods have been set in motion.

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