Analysts at ANZ Bank New Zealand Limited explained that trade tensions have gathered steam. Key Quotes: “Trade tensions have gathered steam with news that the US is preparing an additional USD200bn in tariffs on Chinese products.” “China does not import enough from the US to match this dollar-for-dollar, but was quick to respond, saying that it would retaliate with additional measures.” “Meetings at the NATO summit overnight were also described by leaders as “tense”. President Trump accused Germany of being “captive” to Russia because of joint energy deals and proposed doubling the 2% (of GDP) target for defence spending by NATO members to 4%.” 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 USD/JPY Technical Analysis: Greenback knocking on 112.00, bolstered by trade wars FX Street 4 years Analysts at ANZ Bank New Zealand Limited explained that trade tensions have gathered steam. Key Quotes: "Trade tensions have gathered steam with news that the US is preparing an additional USD200bn in tariffs on Chinese products." "China does not import enough from the US to match this dollar-for-dollar, but was quick to respond, saying that it would retaliate with additional measures." "Meetings at the NATO summit overnight were also described by leaders as "tense". President Trump accused Germany of being "captive" to Russia because of joint energy deals and proposed doubling the 2% (of GDP) target for defence spending by… 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.