Global Perspectives: Trade Conflicts Are Not Letting Up

Foreign Exchange - Global Perspectives
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Trade Conflicts Are Not Letting Up
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Markets are starting to heat up, with an equity sell-off this week and the realization from markets that the new, elevated 10-year yield levels above 3 percent are really here to stay. In the midst of all that activity, we are still discussing trade policy, as it is starting to increasingly creep into business conversations.
Of course, trade has been a hot topic for a while. But what we are seeing more of these days is a resignation that trade conflicts are not going away anytime soon — and businesses need to start adjusting to a longer period of uncertainty than what they had hoped for.
One example of that is PPG Industries, a Fortune 500 company based in Pittsburgh that supplies paints, coatings and specialty materials for manufacturing globally. Early this week, the company warned investors that it is being hit from many sides - high raw materials prices, logistics, currency movements and softening demand from China. In one form or another, you can trace these struggles back to many of the issues going on with trade policy.
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