After months of threats and rumours and statements and frustrations, the USA VS CHINA trade war is about to get real.
Tag: sterling
CHINA and Global Trade War Chinese Markets stay on the ball as the deadline for tariffs imposition on Chinese exports by the United States approaches. China is expected to fight back US tariffs, especially those regarding the technology firms.
The Chinese yuan has dropped more than 3% against the US dollar in the past two weeks as trade war between the world’s two biggest economies has escalated.
The escalating trade dispute between the United States and China keeps broader currency markets concerned. China is expected to fight back US tariffs, especially those regarding the technology firms which are to be treated unfairly.
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.