• Talks between the United States and China over trade have taken an unexpected turn for the worst side in recent days due to the reason that China had taken a hard-line stance over the discussion. After that, the President Trump will impose new tariffs in Chinese goods of USD 200 billion, from 10% to 25%. These tariffs will be enacted tomorrow. On the other hand, the Chinese team with Vice Premier Liu will arrive in US today. If talks fail, it means that future talks will be more difficult (tariffs in this scenario active).
• US to exempt Chinese goods in transit from potential tariff increase allowing window of 2-4 weeks to settle negotiations (FT)
• Today CPI in China was better than expected, up 2.5% in April from 2.3% as expected.
Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Capital is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.
Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.