Trump: If we take off China tariffs, we lose all the cards

Donald Trump has been crossing the wires in early Asia and the latest comment arrived with him saying that the EU treats the US worse than China.

Additional comments from throughout the day:

Labelling China as a currency manipulator is a ‘promise kept’.
If we take off China tariffs, we lose all the cards.
China wants to make a deal, Iran wants to make a deal – speaks at rally in New Hampshire.
Thinks US will make a fantastic trade deal with Britain’s Johnson.
Trade deal with Britain is moving along rapidly.
Wants to see china humanely solve the problem in hong kong and thinks they could do it quickly.
China wants to follow through very quickly on us agricultural purchases.
Not there yet on china but we will see what happens.
Fed’s Powell should be cutting rates because countries around world are cutting and we want to stay even.
September china meeting still on as I understand it.
Officials from China, us talking by phone.
Does not think China would retaliate for increase in tariffs.
Would not want to see a violent crackdown by china in hong kong.
Thinks it would not be a bad idea for China’s xi to meet with hong kong protest leaders.
Having very good discussions with China.
Longer the trade war goes, stronger US gets.
US consumers may have to pay something at some point to cover cost of tariffs on Chinese goods.
Thinks trade war with China will be fairly short.
China very much wants to make a deal.

FX implications:

Global trade wars are a continued threat to world growth. The Dollar is the world's reserve currency which holds its own at times of panic. The Yen and CHF and indeed the euro have been used as funding currencies, so if there is a fallout in EM-FX, these currencies come under demand also.

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.