Home China will retaliate against US tariffs – TDS
FXStreet News

China will retaliate against US tariffs – TDS

China stated “It has to fight back” against US tariffs of 25% on $34 bn of Chinese imports as the US tariffs implemented this morning will be set on over 800 Chinese goods, notes the research team at TD Securities.

Key Quotes

“China has said it will retaliate in kind, while further tariffs could be implemented over coming weeks, with both sides preparing lists of up to $50bn in imports and President Trump warning that he was prepared to impose tariffs of as much as $500bn. Chinese officials also noted they will maintain stability in financial markets and CNY.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.