by Summary:
Trade war escalating tit for tat. Who blinks first? And what happens if neither side blinks? ...with no trade deal in sight, at 12:00am on Sunday, the Trump administration slapped tariffs on 2 billion in Chinese imports, the latest escalation in a trade war that’s ground the global economy to a halt, sent Germany into a recession, and given the market an alibi to keep rising because, wait for it, "a trade deal is imminent." Only, it isn't, and 1 minute later, at 12:01am EDT, China retaliated with higher tariffs being rolled out in stages on a total of about billion of U.S. goods. The target list strikes at the heart of Trump’s political support - factories and farms across the Midwest and South at a time when the U.S. economy is showing signs of slowing down.... Zero HedgeUS
Topics:
Mike Norman considers the following as important: global slowdown, Sino-American trade war
This could be interesting, too:
Trade war escalating tit for tat. Who blinks first? And what happens if neither side blinks? ...with no trade deal in sight, at 12:00am on Sunday, the Trump administration slapped tariffs on 2 billion in Chinese imports, the latest escalation in a trade war that’s ground the global economy to a halt, sent Germany into a recession, and given the market an alibi to keep rising because, wait for it, "a trade deal is imminent." Only, it isn't, and 1 minute later, at 12:01am EDT, China retaliated with higher tariffs being rolled out in stages on a total of about billion of U.S. goods. The target list strikes at the heart of Trump’s political support - factories and farms across the Midwest and South at a time when the U.S. economy is showing signs of slowing down.... Zero HedgeUS
Topics:
Mike Norman considers the following as important: global slowdown, Sino-American trade war
This could be interesting, too:
Mike Norman writes RT — Beijing won’t just ‘watch Huawei be slaughtered on the chopping board’, company chief warns US
Mike Norman writes China to buy billion in U.S. farm products in return for tariff concessions-U.S. sources — Jeff Mason, Andrea Shalal, David Lawder
Mike Norman writes Is China Actually Stealing American Jobs and Wealth? John L. Graham and Benjamin Leffel
Mike Norman writes America’s War on Chinese Technology — Jeffrey D. Sachs
Trade war escalating tit for tat. Who blinks first? And what happens if neither side blinks?
...with no trade deal in sight, at 12:00am on Sunday, the Trump administration slapped tariffs on $112 billion in Chinese imports, the latest escalation in a trade war that’s ground the global economy to a halt, sent Germany into a recession, and given the market an alibi to keep rising because, wait for it, "a trade deal is imminent."
Only, it isn't, and 1 minute later, at 12:01am EDT, China retaliated with higher tariffs being rolled out in stages on a total of about $75 billion of U.S. goods. The target list strikes at the heart of Trump’s political support - factories and farms across the Midwest and South at a time when the U.S. economy is showing signs of slowing down....Zero Hedge
US Slaps New Tariffs On China; One Minute Later China Retaliates
Tyler Durden