Analysts at Rabobank suggest that US-Sino trade isn’t willing to give the floor fully to these new European concerns as the US President Trump announced that the US will be levying tariffs against China after all, on USD 50bn worth of Chinese goods that contain “industrially significant technology”. Key Quotes “In addition, restrictions on Chinese investments will be announced on 30 June. This move is somewhat of a surprise since the US and China have been in talks about reaching a trade deal, which appeared to be progressing well. Perhaps President Trump caved to the mounting criticism on the contents of the agreement. Either way, the chances of no tariffs being raised at all seem slimmer at this point.” “China has limited time to react before tariffs are imposed on 15 June and the question is what leverage China can and will use. Trump’s focus on China’s high tech industry leaves less room for a compromise from China. Additionally, Trump may feel that he doesn’t need China in order to make progress on talks with Kim Jong Un, which might have one of the reasons why he was open to trade talks with China in the first place.” “Overall, this move puts a trade war scenario back on the agenda, although it is also quite possible that there will only be one round of tariffs between the US and China, after which a deal is still reached.” 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 approaches 109.00 ahead of US ADP, GDP FX Street 5 years Analysts at Rabobank suggest that US-Sino trade isn't willing to give the floor fully to these new European concerns as the US President Trump announced that the US will be levying tariffs against China after all, on USD 50bn worth of Chinese goods that contain "industrially significant technology". Key Quotes "In addition, restrictions on Chinese investments will be announced on 30 June. This move is somewhat of a surprise since the US and China have been in talks about reaching a trade deal, which appeared to be progressing well. Perhaps President Trump caved to the mounting criticism on the contents… 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.