Friday , 13 December 2024
Home Forex China’s retaliation against Trump trade sanctions has begun already
Forex

China’s retaliation against Trump trade sanctions has begun already

Wall Street Journal (gated) reporting.

In recent days, Beijing has launched

  • a regulatory probe into U.S. semiconductor champion Nvidia,
  • threatened to blacklist a prominent American apparel maker,
  • blocked the export of critical minerals to the U.S.
  • squeezed the supply chain for drones

offering clues into how non-tariff measures are likely to dominate China’s tool kit.

***

Meanwhile, China stocks are lower just after the opn:

  • CSI 500 down 1% intraday
  • Chinext down 1%
  • Shenzen down over 1%

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Your email address will not be published.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

BOJ to raise interest rate to at least 0.50% by end-March, 51 of 52 economists say

Reuters poll:BOJ to hold key interest rate at 0.25% in December, say...

More talk of the Reserve Bank of India intervention to support the rupee

The Indian rupee has been hit, along with many other currencies, against...

BNP Paribas says market analysts are misguided – say take Trump tariff policies seriously

Dow Jones / Market Watch with an article re BNP Paribas' outlook...

Japanese Yen extends its weakening trend against USD; drops to fresh monthly low

The Japanese Yen (JPY) remains on the defensive against its American counterpart,...