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- The US government has released a list of $ US200 billion worth of Chinese goods that will be subject to new 10% tariffs.
- The news has not gone down well in Asian financial markets, especially in China.
- Stock futures point to losses, steep in some instances, in European and US markets when trade resumes later today.
When your largest trading partner proposes increasing tariffs on $ US200 billion of your exports, it’s unlikely to go down well with investors.
Alas, that’s proven to the be the case today in Chinese financial markets with stocks and the Chinese yuan both sitting deep in the red midway through the session on Tuesday.See the rest of the story at Business Insider
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- The Fed is more worried that Trump’s tariffs on Chinese goods could wreck the US economy