US-China trade tensions are intensifying – RBS

Sandeep Kanihama FXStreet Contributor

Analysts at RBS note that the US/China trade tensions are intensifying as evident from the White House’s imposition of 10% tariffs on $200bn of Chinese imports, rising to 25% in early January 2019.

Key Quotes

“US President Trump is threatening a further $267bn on Chinese imports if China retaliates. Such threats are apparently falling on deaf ears. Chinese authorities announced 5-10% tariffs on $60bn of US imports and pulled out of talks with the US. Hopes of a resolution before the US mid-term elections in November appear to be fading.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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