Analysts at Danske Bank point out that there was a significant negative shift in sentiment as the US administration announced it is planning to levy a tariff of 10% on another USD200bn worth of goods imported from China. Key Quotes “Goods targeted include clothing and technology products but not e.g. mobile phones. The move comes after the US last Friday implemented a 25% tariff on the first USD34bn amount of Chinese goods and threatened to up the amount targeted to USD500bn.” “Should tariffs on this additional USD200bn come into effect, import levies would hit close to half of China’s exports to the US as of 2017. China has vowed to retaliate to US measures one-for-one; a Chinese official said that the US is escalating the trade dispute but no specific retaliation measures were announced overnight.” “Equities were mixed to positive in the US but the Asian session showed marked losses with Chinese indices down close to 2%.” 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: Buy Sterling Politically Inspired Dips As Long As EUR/USD 1.15 Holds – SocGen Yohay Elam 3 years Analysts at Danske Bank point out that there was a significant negative shift in sentiment as the US administration announced it is planning to levy a tariff of 10% on another USD200bn worth of goods imported from China. Key Quotes "Goods targeted include clothing and technology products but not e.g. mobile phones. The move comes after the US last Friday implemented a 25% tariff on the first USD34bn amount of Chinese goods and threatened to up the amount targeted to USD500bn." "Should tariffs on this additional USD200bn come into effect, import levies would hit close to half of China's exports… 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.
