China’s President Xi Jinping reportedly spent over two hours talking about US-China relations, urging the minister to get ready for a full-blown trade war, according to SGH Macro Advisors. Key Quotes: “Xi warned all provinces and ministries to be prepared for a full-scale trade war. China expects it is inevitable the U.S. will impose tariffs on $34 billion worth of Chinese goods on July 6. China will respond accordingly with tariffs. In the short term, officials expect the currency will weaken due to trade concerns. The PBOC also will refrain from increasing holdings of U.S. Treasuries and, in fact, will seek to reduce them “appropriately.” 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 Bitcoin price analysis: BTC/USD rangebound; Bitcoin will cost $5,000 by the end of summer, expert says FX Street 3 years China's President Xi Jinping reportedly spent over two hours talking about US-China relations, urging the minister to get ready for a full-blown trade war, according to SGH Macro Advisors. Key Quotes: "Xi warned all provinces and ministries to be prepared for a full-scale trade war. China expects it is inevitable the U.S. will impose tariffs on $34 billion worth of Chinese goods on July 6. China will respond accordingly with tariffs. In the short term, officials expect the currency will weaken due to trade concerns. The PBOC also will refrain from increasing holdings of U.S. Treasuries and, in fact, will… 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.
