The Trade War: Recapping August's Major Developments
August was a turbulent month in the stock market, and the ongoing trade war between the United States and China was the main reason. New tariffs were announced, both the new and the previously existing tariffs were subsequently increased, China retaliated with tariffs of its own, and President Trump went so far as to encourage American companies who do business with China to start looking for alternatives.
There has been a lot to keep up with, so here's a quick rundown of the most recent developments, why a trade deal could finally happen, and who the biggest winners could be if it does.
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Source Fool.com
