US, China trade war fears reignited

Just last week, the US and China announced that they have agreed to hold off on imposing crippling tariffs on each other and will continue talks until they reach a deal. Yesterday, the two powers said that they agree on a broad outline of a deal that will save Chinese telecom giant ZTE but in true Trump fashion, the US President now says that there is no deal on that front and that he is not satisfied with the trade talks. This move by Trump has reignited fears of a possible trade war which would be detrimental for the global economy, emerging market currencies are under pressure and so is the pound sterling as Brexit and Italy pressures weigh, what are the effects of these global conundrums on South Africa? Steven Barrow, Head of G-10 Strategy at Standard Bank spoke to Business Day TV for more insight from his perspective.