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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Markets rebound amid latest US-China tariff spat as traders look to possible ‘Taco trade’

Taco United States China Donald Trump Europe
a woman trader stares at computer screens filled with market data and graphs
European markets edged up by half a percentage point in early trading. Photograph: Ole Berg-Rusten/NTB/AFP/Getty Images

Global stock markets have edged higher and cryptocurrencies rebounded amid signs that a new front in the US-China trade war may not be as severe as first feared.

Tensions between Washington and Beijing escalated again on Friday and over the weekend, as Donald Trump threatened to impose additional US tariffs of 100% on China starting next month.

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