China: Under pressure from new round of US tariffs - Rabobank
|After earlier rounds of tariffs, the US has announced that it will impose additional tariffs on imports from China and China has said that it will respond with taxes on USD 60 billion of imports from the US, points out the research team at Rabobank.
Key Quotes
“Although China can tax less imports from the US, they will probably also include non-tariff barriers as part of the measures in case of further escalation.”
“The negative economic effects will be more pronounced for China than for the US.”
“The economic damage caused by the protectionist measures on either side will harm China to a larger extent than the US.”
“We do expect a further escalation of the trade tensions, also beyond the November midterm elections.”
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.