Investors have been worried about an escalating global trade war for weeks, but market conditions have worsened over the past few trading days. Bank of America Merrill Lynch has issued an ominous warning, suggesting four reasons trade-war turmoil may just be starting. Even before the most recent spate of developments, fears over a trade war were hitting a fever pitch. A survey conducted by Bank of America Merrill Lynch the week before last showed fund managers already viewed a trade...

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