August 7, 2019

“The U.S. and China opened a new front in their trade war this week, when China allowed its currency to fall, triggering a sharp drop in the U.S. stock market. The seemingly modest adjustment in global exchange rates had a seismic effect on Wall Street confidence, rattling retirement accounts and prompting a new round of bellicose rhetoric from President Trump.”

NPR
August 7, 2019

“Investors got a stomach-churning preview of what an escalating trade war might look like.”

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Reputation value is the economic consequence of expectations, for better or worse, in the minds of stakeholders.

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