<ul><li>Trade wars and slowing growth could push the equity markets further into correction territory, according to Peter Cardillo, chief market economist at Spartan Capital Securities.</li><li>The escalating trade war and the imposition of tariffs by China in response to those by US President Donald Trump have heightened concerns about global economic growth.</li><li>Significant declines in global equity indices, including the recent bear market territory entry for the Russell 2000 and the S&P 500's worst two-day plunge since March 2020, indicate the impact of the ongoing trade war.</li><li>Cardillo also highlighted the risk of recession, with the severity of the recession depending on how soon the trade war ends, and suggested that continued market pressure may force a change in policy.</li></ul>

Trade Wars Could Lead To Deeper Market Corrections, Says Peter Cardillo

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