Wall St Set for Lower Open as Trade War Worries Weigh
Wall Street's main indexes are expected to extend recent losses on Tuesday, as investors remain cautious about the potential escalation of a global trade war. The ongoing tensions between the US and its trading partners could lead to a decline in investor confidence, resulting in further sell-offs across various asset classes. This could have significant implications for companies with vast supply chains across North America, such as Ford and General Motors.
- The intensification of this trade war may lead to a more pronounced impact on global supply chains, which could become even more vulnerable if left unchecked.
- What would be the long-term economic consequences if the US adopts a protectionist stance that restricts imports from key trading partners?