by NumberStory
Data source: https://finance.yahoo.com/chart/000001.SS https://finance.yahoo.com/chart/%5EGSPC
Tools: Stata, Adobe Illustrator
Summary: Since the trade war started in January 2018, both the US and China’s stock markets have experienced enormous volatility. The uncertainty will make it even harder for the two countries to offset the negative impact of the trade war, as the stake has changed from a few industries to the whole economy.