Wednesday , 13 November 2024
Home Forex China to counter 60% Trump tariffs with massive incentives to Europe, Asia
Forex

China to counter 60% Trump tariffs with massive incentives to Europe, Asia

The Wall Street Journal with the article:

The Journal is gated, but in brief:

  • strategy labeled “unilateral opening” in China’s policy circles
  • represents a tactical change for a leadership that has long favored quid-pro-quo economic and diplomatic deals
  • China has already removed visa requirements for travelers from some two dozen countries including Australia, New Zealand, Denmark, Finland and South Korea—without requiring that the moves be immediately reciprocated
  • Beijing is facing an uphill battle to make the strategy work

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

GBP/USD: Downward momentum has surged – UOB Group

The Pound Sterling (GBP) is expected to continue to decline, but it...

Mexican Peso stabilizes after run of US-inspired weakness

The Mexican Peso (MXN) stabilizes on Wednesday after a three-day run of...

USD: Inflation may stay too hot – ING

The second round of post-election Trump trades has now taken the Dollar...

What is the distribution of forecasts for the US CPI?

Why it's important?The ranges of estimates are important in terms of market...