The ongoing trade war between the US and China stepped up a gear after China announced it would be imposing painful tariffs on $60 billion worth of US exports by next month.

Donald Trump has tweeted that a trade deal with China will be struck, “when the time is right”.

So should we all be worried about this apparent escalating of the trade war between the two countries?

Good friend of Ivan Justin Urquhart Stewart, partner and co founder of Seven Investment Management, explains what the implications of what's happening are.