The US-China trade war timeout could be interpreted as neither side being able to secure what they want but at least avoiding the worst-case scenario, albeit in the short term, of escalating trade tensions. So here are the main points of the US-China trade war timeout that have come from “the most anticipated dinner between the US and Chinese presidents in years”, Bloomberg. The US will leave existing tariffs on $200...
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Could the real motive for a trade war be a build-up to war in the Pacific with China? The Carnegie Council asked people in their audience to raise their hands if they think there “will be a war with China within the next year or so or a major armed conflict in East Asia generally. Maybe this would help show the real motive for a trade war” Only a couple of people raised their hands. But that vote was conducted in April 2017 when...
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Trade war first shots were fired last week with the US Trump administration imposing $34 billion of tariffs of Chinese goods on Friday (July 6). US Customs began collecting the import duties at 12:01 am. Founder of the world’s largest hedge fund Ray Dalio tweeted, “the first day of the war” with China has begun. Indeed, a trade war with China is now underway. Hope for the best but expect for the worse. Those pundits who believed...
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Is a trade war on the horizon? “When a country (USA) is losing many billions of dollars in trade with virtually every country it does business with, trade wars are good and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!” tweeted US President Trump. It would be unwise for investors/traders to write Trump’s tweet off as political...
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