Online Forex broker
On Friday, American leader Donald Trump dared to impose hefty duties worth $50 billion on Chinese imports. In return the Chinese authorities pledged to adequately respond. So, it feels like a huge trader war between the world’s two leading powers is being actively ignited.
US President, whose tough stance on trade caused vigorous clashes with US allies, told that a 25% duty would be put on a list of crucial imports from China. Additionally, he considered further measures if the Chinese government struck again.
America and China started getting closer to a fierce trade conflict after several rounds of talks failed to tackle American complaints over Chinese industrial policy, market access as well as a $375 billion trade gap.
Trump's initial list contained up to 818 products worth $34 billion in China’s goods. As for the remainder of the $50 billion, it’s not determined yet.
US leader has triggered a trade conflict with other countries, including the European Union, Canada and Mexico over aluminum and steel. Moreover, Trump threatened to impose tariffs on EU vehicles.
The American government came up with a second list of probable duties on another $100 billion in China’s imports, expecting that China will most likely respond to the initial American duty list.
China has uncovered its own list of threatened duties on about $50 billion in American goods, including aircraft, cars and soybeans. The Asian country has told it would fight back if the US authorities came up with further measures.
China and America have held up to three rounds of high-level negotiations since early May that have yet to bring a long-awaited compromise. Trump has neglected China’s offer to purchase an extra $70 billion worth of American farm as well as energy products and also other goods, as sources familiar with the matter disclosed.
In July, American retail sales jumped more than anticipated because households spurred purchases of cars and clothing, hinting that the American economy was still firm early in the third quarter…
In July, American industrial output managed to ascend, backed by higher manufacturing output, which is an upbeat indication of economic surge in the United States…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
