TRADE WAR RECAP:
As a recap, back on July 6, 2018, Trump set a tariff of 25 percent on 818 categories of goods imported from China worth $50 billion.
China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S.
On May 10, 2019, President Trump increased the tariffs on another $200 billion in Chinese imports from 10% to 25%.
China retaliated three days later, they announced new tariffs on $60 billion of American exports.
The additional tariffs from Trump on another $300 billion in Chinese goods pending, all depends on the outcome of talks this weekend.
Tariffs put on hold for further talks.
Tariffs avoided completely.
China’s plan to purchase big-ticket imports from the US, such as agriculture and LNG. This could lower the US-China trade deficit, and pave the way for Trump to consider lowering overall tariff rates.
Trump executes the tariffs on $300 billion of Chinese goods.
To stay constantly in tune with market themes and fundamentals real-time, check out our membership. We help traders capitalize and ensure they are on the right side of the market where possible.
Check out our forex fundamentals course to understand how to trade and implement them with your technical analysis. Trade like the institutions and take it to the next level!