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Frenkel Topping Group Plc

Ascencia Investment Management: Weekly Investment Update

Global News

US-Mexico tariffs – US President Donald Trump has said he will place tariffs on all imported goods from Mexico, until Mexico acts to stop illegal immigrants entering the US. In a tweet on Thursday, President Trump vowed to impose 5% tariffs on Mexican imports from the 10th June, which will gradually increase until “the illegal immigration problem is remedied”. The tariffs will rise to 10% from the 1st July, and finally rise to 25% by October.

US-China trade war – With US-China trade talks simmering, China ramped up its rhetoric. Speaking in Beijing this week, Chinese Vice Foreign Minister Zhang Hanhui stated that China is “not  afraid of a trade war”, but provoking trade disputes is “economic terrorism”. Mr Hanhui added that the trade war will have a “serious negative effect on global economic development and recovery” which led to a negative market reaction, with global equities and bond yields falling.

Frenkel Topping Group Plc, together with its subsidiaries, provides independent financial advisory and investment management services to personal injury and clinical negligence victims in the United Kingdom. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.