The tit-for-tat trade war saga has hit market sentiment in recent weeks. It is now at its peak as the deadline of the 6th of July is fast approaching.
Tag: tariff
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.
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.
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”.