Analysts at Nomura point out that Bloomberg has reported (30 October) an unconfirmed plan for further US tariffs on all remaining Chinese imports by early December, if bilateral talks between Presidents Trump and Xi, expected on 29 November, fail (SCMP; 19 October). Key Quotes “Such a development would be a surprise for the market, even though President Trump has raised the threat before. Indeed, a significant 40% of Chinese corporates we surveyed recently believe that the US will refrain from raising the current 10% tariff on USD200bn of Chinese imports to 25%.” “This tough US stance also makes it more difficult for China to compromise as it says it cannot hold talks while the US “holds a knife” to its neck (Bloomberg, 25 September).” “We believe the intensification of trade protectionism only raises the risk of USD/RMB breaking through 7.0, even though we believe that the People’s Bank of China would engineer a “managed break”. That is, we see a risk that 7.0 will be tested more than once amid relatively high FX volatility to prevent a build-up of speculative short RMB positions.” 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 GBP/USD Technical Analysis: Bears in control after close below 76.4% Fib FX Street 4 years Analysts at Nomura point out that Bloomberg has reported (30 October) an unconfirmed plan for further US tariffs on all remaining Chinese imports by early December, if bilateral talks between Presidents Trump and Xi, expected on 29 November, fail (SCMP; 19 October). Key Quotes "Such a development would be a surprise for the market, even though President Trump has raised the threat before. Indeed, a significant 40% of Chinese corporates we surveyed recently believe that the US will refrain from raising the current 10% tariff on USD200bn of Chinese imports to 25%." "This tough US stance also makes it more… Regulated 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.
