Last night, Donald Trump expressed in his interview that no agreement on current tariffs has been made with China, due to China’s request. He added Chinese are aware that I will not cancel tariffs however, they are willing to do so for some of them. US president’s talk was contrary to China’s Minister of Commerce…
tariffs
Trade war in a lose-lose situation for both China & US!
Fitch Ratings Inc. and Moody’s as two of the biggest credit rating agencies announced that both China and US are approaching a lose-lose situation through the cold war. According to Rick Helfenbein, president and CEO of the American Apparel and Footwear Association (AAFA), “The trade war is like a family argument, which at one point…
Increase of China Gold Inventory in order to cope with Yuan Devaluation
Market participants declared that by approaching to September and the possibility of #US new #tariffs on #Chinese_goods and products, #demand for buying #dollar has increased in #China. Central bank of China had limited the import of #gold in previous months in order to prevent the exit of wealth from China and increase the value of…