Analysts at TD Securities note that the US President Trump has announced that the US will impose 10% tariffs on the remaining $325bn of Chinese imports that are not yet subjected to tariffs. Key Quotes “Given that these imports are more consumer-oriented, we expect a larger impact on US growth and inflation, compared to previous tariff hikes.” “The rates market reacted sharply, pricing in 50bp of rate cuts in 2019 (up from 35bp yesterday). We think that the move is reasonable, especially with Powell referencing trade uncertainty as a key driver of rate cuts.” “We believe that China is likely to react, as in the two previous episodes of tariff imposition, adjusting the REER lower in order to offset the impact of tariffs. This will likely place upward pressure on USD/Asia as China-linked, trade-sensitive economies accommodate fundamental pressure on FX.” 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 Breaking: Non-Farm Payrolls at 164K, wages up 0.3%, USD up FX Street 4 years Analysts at TD Securities note that the US President Trump has announced that the US will impose 10% tariffs on the remaining $325bn of Chinese imports that are not yet subjected to tariffs. Key Quotes "Given that these imports are more consumer-oriented, we expect a larger impact on US growth and inflation, compared to previous tariff hikes." "The rates market reacted sharply, pricing in 50bp of rate cuts in 2019 (up from 35bp yesterday). We think that the move is reasonable, especially with Powell referencing trade uncertainty as a key driver of rate cuts." "We believe that China is likely… 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.
