After a relatively calm weekend following the initial round of US tariffs and China’s response on 6 July, the Trump administration released an official list of a further $200bn of Chinese imports and analysts at Nomura view this as a significant escalation in the US-China trade dispute. Key Quotes “We expected some response in the wake of China’s reaction to the first round of US tariff increases. However, the release of this list, only four days after the initial round of tariffs took effect, indicates that trade protectionism may escalate beyond the initial round of tariffs imposed last week.” “The new list, targeting $200bn with a 10% tariff, is almost equally split between capital and consumer goods. Thus, if these tariffs do indeed take effect, there would likely be a larger impact on consumers than in the initial round.” “While the number of products targeted in the new list is substantially higher than in the initial round, the impact on inflation will likely be muted, in our opinion.” “The impact on business confidence and financial conditions, however, could be larger. These developments do pose some downside risk to our forecast.” 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 EUR/USD Technical Analysis: ECB headlines help defend ascending trend-channel support FX Street 4 years After a relatively calm weekend following the initial round of US tariffs and China's response on 6 July, the Trump administration released an official list of a further $200bn of Chinese imports and analysts at Nomura view this as a significant escalation in the US-China trade dispute. Key Quotes "We expected some response in the wake of China's reaction to the first round of US tariff increases. However, the release of this list, only four days after the initial round of tariffs took effect, indicates that trade protectionism may escalate beyond the initial round of tariffs imposed last week." "The… 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.