SINGAPORE (August  6): The US-China trade war has taken centre stage on the global markets and there is no other issue that looms as large in international trade. Should the average investor, then, contemplate what it really means and how it could affect him or her?

Where are we today? How did things get so far? And just how serious is the situation?

Earlier this month, the trade dispute between the two superpowers entered a new phase with the US slapping higher tariffs on US$34 billion ($46.3 billion) worth of Chinese imports. That was apart from another threat by US President Donald Trump to impose tariffs on US$450 billion worth of Chinese goods should Beijing attempt a tit-for-tat retaliation.

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