Trump’s intriguing tweets are the focus of the attention of the ongoing tariff war. Harley Davidson and US tariffs on cars from the E.U. were in the US President’s firing line on Tuesday.
Tag: Australian dollar
A WSJ report about Trump’s intention to prohibit Chinese companies from investing in U.S. tech firms upset the markets. Worries over a worsening trade dispute between the United States and other major economies affected the FX market.
Following China’s response to US $50 billion tariffs in Chinese imports announced by Trump last Friday, new threats emerged. Trump announced fresh Tariffs of 10% on $200bn Chinese goods if China “insists on going forward with the new tariffs”.
China is ready to respond to US $50 billion tariffs in Chinese imports announced by Trump last Friday. Fears that the trade war escalates exerted a pressure on oil prices.
As widely expected Federal Reserve raised interest rates on Wednesday, signalling a new era for the USA economy. U.S. economy is almost ideal, retreating from nearly a decade of recession, shifting from stable prices to stable growth. Interest Hikes is only one of the FED’s targets.