Both the U.S. and China appear to be preparing for a prolonged period of trade conflict
Donald Trump once said that if he was ever president, he would put a tax on everything China exports to the U.S. Now he is president, and he is in charge of trade tariffs, not the Congress. Guess what he is going to do next? Getty Images.If you think tariffs will not be imposed on everything China exports to the United States, well ... think again. They are going up. That is the best bet.
China’s mainland equity markets have erased some of 2018’s losses. But since the last round of trade negotiations ended on a negative note, the X-Trackers China CSI-300 , best known as the China A-shares ETF, is faltering. It’s lost 13% over the last four weeks.Stock indexes fell around the world on Thursday as China beat its trade-war drums louder and European economic data, and its political landscape, remains bleak.
China has time. Trump does not. So he has to strike while the irons are hot, and those irons are red as a beet right now.A weaker yuan is coming to compensate for the higher price of doing business with China.
More policy easing is expected to keep markets from imploding. However, it is worth noting that China does not fear letting its stock market tank. That market collapsed in 2015 and the central bank eventually gave up trying to save it.Trade War Update: China Throws More Lifelines. Apple In TroubleLiu He, China’s vice premier speaks with Robert Lighthizer, U.S. trade representative , and Steven Mnuchin, U.S. Treasury secretary, while departing the Office of the U.S.
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