Sino-US trade war officially opened
After many rounds of negotiations, the United States officially opened a trade war in disregard of the country?檚 credibility.
After many rounds of negotiations, the United States officially opened a trade war in disregard of the country’s credibility. Since July 6, the two sides will impose a 25% tariff on 50 billion US dollars of goods imported from each other. On June 18th, Trump threatened to impose a 10% tariff on 200 billion US dollars of goods. On June 19, the Chinese side fought hard, and the global stock index plummeted that day.
The analysis believes that China's development touches the core interests of the United States, and this trade war may have long-term effects. The two sides continue to force the other party to make concessions through negative feedback from the trade market and the capital market. The probability of a trade war will be repeated. Moreover, the possibility of a 200-billion-dollar commodity list is relatively small, and it is expected that the trade war will be eased in the near future.