- Home
- >
- Fundamental Analysis
- >
- Despite the trade war escalation optimism persist…until when?
Despite the trade war escalation optimism persist...until when?
Rating:
Loading...The story to date (the latest episodes) - the trade deal was coming..
- then not so much
- then collapsed and the US raised tariffs on Friday
- US President Donald Trump raised the stakes, warning China not to push things, expecting to lose the presidential election in 2020.
- China has raised tariffs on US products
The strokes follow one after another, stocks are lost in all markets, risky currencies are falling, the yen is growing.
Still, optimism somehow manages to survive
Speculation about a possible US-Chinese meeting in June. Trump commented that "there is a great opportunity" to make it happen
As they say, "The devil is in the details." Yes, the US has raised tariffs. Yes, China responded - the important thing is that China's measures come into force on June 1st. The same for the high US tariffs (which will not hit the transit goods, although they are in force formally on Friday). This shows that the two countries still have time to negotiate / re-negotiate their relations.
June 1st is about 2 weeks. Will things go by then? For the moment, the word "deal" has nothing but pain for those who believe in it. The alternative is "the trend is your friend". You choose what to choose.
PS: The Chinese media no longer describes what is going on as a "trade conflict." It is now called "Trade War". Do you still have hope?
Trader Aleksandar Kumanov Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
