China is striking back to Trump’s fresh tariffs. The US administration imposed new tariffs just few days after USA’s invitation to China for another round of trade talks.
Tag: Euro
To the surprise (?) of many, Trump brought the US-Sino trade war to the next phase. The US administration imposed new tariffs just few days after USA’s invitation to China for another round of trade talks.
The common currency rose to its highest against the US dollar since the 28th of August. The reopening of trade negotiations following USA’s invitation to China buoyed euro, as traders’ sentiment improved.
US companies join forces in a business coalition to fight Trump’s tariffs. More than 60 business groups participate in the attempt to combat US President’s protectionism policy.
China takes further step on the trade spat as it requests WTO for authorisation to impose sanctions on the United States.