No trade transparency! U.S. President Donald Trump leaves markets on edge as he threatens to ‘substantially’ raise tariffs on China if a deal can’t be reached, but suggests that an agreement is imminent. In a speech at the Economic Club of New York, Trump also criticises Federal Reserve chairman Jerome Powell for not following other central banks into negative rates, ahead of Powell’s testimony to Congress. The ongoing violence in Hong Kong also weighs on markets in Asia. Geoff joins the show from Singapore in a special edition of Global Squawk Box, while Steve and Hadley discuss energy market uncertainty in Abu Dhabi, as the IEA warns that global oil demand will contract from 2025 as the transition to alternative sources gathers pace.

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