Asian markets are sinking after the latest salvo in Trump’s trade war with China

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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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SEE ALSO: TRADE WAR: The Chinese yuan is getting smoked, as are US stock futures and the Aussie dollar

Post Author: martin

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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