World economy set for another week of volatility on Western front

Many companies continue to rush products to the US and stockpile goods in warehouses to get ahead of any potential new tariffs

Over the weekend, Donald Trump further backed off on tariffs for China — issuing a wide exemption for smartphones and computers.

The global economy is gearing up for another turbulent week with trade and tariffs set to dominate once again as central banks meet to discuss key interest rate decisions and another corporate results season kicks off.

The market will be closely watched again, with investors hoping for some stability after trillions of dollars were wiped out last week despite US president Donald Trump eventually climbing down on his threat to raise tariffs on almost every country across the globe.