Dirhams & Dollars

Has a thawing of relations just taken the tension down by a couple of notches between the US and China? Well, according to the US Treasury Secretary, the trade war between the two is “on hold,” after they agreed to drop their tariff threats, leading the way towards a wider trade agreement. We discuss how this could have happened after a bitter war of words between the pair, and what might lie ahead for the US and China. And so as one trade war quietens down, does the other begin to liven up? The US looks equally as set for a trade war with its European allies as it did with China, so we discuss the potential for this, and who might benefit. We also preview our Wednesday show, which will centre around the General Data Protection Regulation (GDPR), set to come in to force this Friday. Lastly, we discuss the US Federal Reserve, and when to expect the next interest rate hike.