In a move seemingly trying to calm tensions, the Chinese Commerce Ministry stressed that China would not ‘fire the first shot’, and hence will not enforce its previously-announced retaliation tariffs ahead of the US ones taking effect on Friday, notes the research team at Danske Bank. Key Quotes “US tariffs on USD34bn worth of Chinese imports are set to come into effect at the end of the week; a further USD16bn will see levies at a later stage. Markets are now braced for the effect of the actual implementation of tariffs and possible next steps from either side.” 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. View All Post By FX Street FXStreet News share Read Next Germany: Factory orders to rise by 1.1% in May – TDS FX Street 3 years In a move seemingly trying to calm tensions, the Chinese Commerce Ministry stressed that China would not 'fire the first shot', and hence will not enforce its previously-announced retaliation tariffs ahead of the US ones taking effect on Friday, notes the research team at Danske Bank. Key Quotes "US tariffs on USD34bn worth of Chinese imports are set to come into effect at the end of the week; a further USD16bn will see levies at a later stage. Markets are now braced for the effect of the actual implementation of tariffs and possible next steps from either side." Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
