HEADLINES
- Trade tensions between US and China reach new highs
- Equities and US dollar sold off
- Jackson Hole Symposium a side show. Powell warns about significant risk to economies. Safe havens soar
- Trump hit back raising current tariffs on China on US$250 billion worth of goods to 30% and 15% on the remaining US$300 billion worth of goods
- He wishes he had raised the tariffs earlier and regretted that he hadn’t
- American companies ordered to “immediately start looking for an alternative to China”
- NZ dollar bounces following RBNZ Governor’s comments
- Gold prices surge closing a highest level in six…