- Analytics
- News and Tools
- Market News
- Failure to agree on trade deal with U.S. could have bigger ramifications on China and the global economy - TDS
Failure to agree on trade deal with U.S. could have bigger ramifications on China and the global economy - TDS
Analysts at TD Securities note that the U.S. President Trump's tweets threatening to raise tariffs on $200 billion of Chinese goods hit EM assets, with equities sliding, while in FX, CNH bore the brunt of losses.
- We think Trump may be emboldened by the strength of the US economy, and firm US equities. As such the threats could amount to a negotiating ploy.
- The immediate reaction has been for China's delegation to reportedly delay or cancel its trip to Washington.
- China is not as vulnerable as it was just a few months ago. Even so, higher tariffs could put recent signs of growth stabilization under threat.
- The stakes are now clearly much higher. Failure to agree on a deal could have bigger ramifications on China and the global economy.
- After the initial bout of pressure, consolidation is likely until we see some form of clarification.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
