Japanese trade minister Seko is out with remarks on escalating trade tensions
He has said quite a bit, wants Japan to be exempt (of course) ... but I reckon that one I highlighted in the headline is the most important - looking through all the numbers and retaliation moves at what the big risk is ... the (far from perfect) system of international trade is at risk from tariffs and retaliation.
As this continues the currency move we have seen (eg. into yen, out of 'risk' eg. AUD) will once again surface. As will risk to stocks. It ain't different this time folks.
more to come
