Inside Investing | Jun 17, 2019 20:24
For our latest social media weekly poll, which ran both on Investing.com’s Facebook (NASDAQ:FB) and Twitter accounts, we asked our users:
Who’s winning the U.S.-China trade war? Washington or Beijing?
The results for the most part offered further evidence of the uncertainty arising in global financial markets as a result of the ongoing U.S.-China trade dispute, which has been jolting investors for over a year.
Markets fear that the protracted trade dispute between the world’s two largest economies is quickly turning into a technology cold war after the Trump administration stuck Chinese tech giant Huawei on a trade blacklist, effectively banning U.S. firms from doing business with the world's largest telecom network gear maker.
Breaking Down The Results:
Overall, when taking votes from both Facebook and Twitter into account, the results were split 50%-50% right down the middle.
Out of the 2,700 votes recorded on Facebook, roughly 1,400 users, or 53%, said China was winning the trade war up until this point.
In comparison, 1,300 users, or about 47%, voted in favor of the U.S.
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The results we saw on Investing.com’s Twitter account were exactly the opposite.
Of the 418 votes recorded, 221 users, or around 53%, thought Washington has the upper hand so far, while 196 users, or 47%, voted China.
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What The Numbers Say:
For many market observers there’s only one metric that shows which side is winning the U.S-China trade war: stock market performance.
Stocks markets in both countries have gotten off to a great start in 2019, with Shanghai up around 16%, while the S&P 500 has gained almost 13%.
According to that, it seems as if the U.S. has been the winner so far in the U.S.-China trade war.
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