SPGlobal published an article stating that Growing tensions between the U.S. and China could knock the nearly 40% rally in the U.S. stock market off course as billions of dollars of trade and supply chain ties hang in the balance, potentially compounding the harm inflicted by the coronavirus. Senior Research Fellow Joseph Glauber said, “It would be a huge mistake to terminate the agreement,” adding a withdrawal could mean “volatility” for the farm sector. “There are parts that are quite important to U.S. agriculture and most importantly, it marks a cease-fire in the destructive trade war which has been so damaging to U.S. agriculture.”
Escalating trade tensions with China threaten to weaken US stock rally (SP Global)
June 11, 2020