Trade war effects: evidence from sectors of energy and resources in Africa.

ABSTRACT: The US government proposes to impose tariffs on up to $50 billion of Chinese imports leading to significant concerns over the Trade War between the US and China. The article evaluates and examines the market responses of companies in both countries, depending on their direct and indirect exposures to US-China trade. Moreover, this paper fills the gap in literature about deglobalization in Energy and Resources Sectors in Africa. This paper proves the idea that US companies that are more dependent on exports and imports from China have lower stock and bond returns, and, at the same time, higher default risks in the short time aspect. The article found Trade War effects in energy and resources companies in Africa in the last years: on ownership rank, on credit country rank, on default risks a

SUBMITTER: An J 

PROVIDER: S-EPMC7750368 | biostudies-literature | 2020 Dec

REPOSITORIES: biostudies-literature