Period: 01 – 08 August 2020
Top news story: The key economic event of the week was categorical claims to China’s «TikTok» short video service, which became the most popular among American youth. If Trump’s accusations are later forgotten, then the demand to immediately sell this service to an American company effectively nullifies the settlement of the US-China relationship. Many experts, including some in the big business community, had hoped for this settlement, even if Trump lost the election. The collapse of the global dollar system is becoming almost inevitable and the resulting deterioration in market sentiment will affect financial markets this fall.