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Recap August 25: Stocks Tank – Trade War Heats Up (Recap Ep033)

In this Recap, we find that the trade war between the U.S and China with a continuous retaliations in each side. The situation right now in the U.S is not just an escalation of the trade war, it is also an attempt to change supplies and productions located in China, causing a decrease in the Chinese economy.

The stock markets in the U.S, in general, go down, the European market was mixed and also the Latin American market was mixed as well. We didn’t have a lot of news about Bitcoin this week. But talking about the financial sector, this week has recorded records of lows and precious metals are higher this week.

The United States moved to extend a reprieve that permits China’s Huawei to continue buying components from U.S. companies to supply existing customers, but it also moved to add more than 40 of Huawei’s units to its economic blacklist.

Finally and sadly there are thousands of fires in different countries around the world like Angola, Bolivia, Grand Canarias and Brazil, all the governments are primarily worried about the fires in the Amazon.

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