China: Trade war escalates with US - TDS
|The escalation of the trade war, with the US administration moving forward with imposing tariffs of 10% on an additional $200bn of Chinese goods, should not come as a major surprise, according to analysts at TD Securities.
Key Quotes
“President Trump had asked the US Trade Representative’s office to draw up a list last month and according to US officials the lack of negotiation from China has led this action.”
“The tariffs are scheduled to take effect after the end of public consultations on Aug 30. This is separate from tariffs on the $34bn already imposed and the further $16bn potentially to be imposed after a public hearing later this month.”
“All together Trump has threatened tariffs on almost all ($500 out of $506bn) of China’s exports to the US.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.