The Chinese side's response to the new US tariffs didn't came late.
They plan to impose duties on US goods for about $ 60 billion. Tariffs will vary between 5% and 25%.
The Chinese are expected to stop buying US soybeans and other energy resources. Stopping Boeing orders and disrupting service exchange between the US and China. According to the report, the Chinese government is still discussing the possibility of selling US treasuries.
The Australian and Canadian dollars first reacted to the news with declines, US futures continued to fall, and the sale of European stocks grew. The US dollar has begun to take hits.
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