Geopolitical comments: China’s Yi says that tariffs produce no winners

Pres. Trump is focused on reciprocal tears and unfair trade practices to start his 2.0 term . He has imposed 10% tariffs on all China goods. He also announced a study on reciprocal tariffs, and said that reciprocal tariffs will be imposed on countries that tariff US goods.

There will be the fight back.

• China’s Wang Yi says that protectionism does not provide a way out and arbitrators produce no winners

In an interesting comment from Mexico’s President he says:

• If US declares Mexican cartels terrorist organizations, Mexico will have to expand suits against US gunmakers

This article was written by Greg Michalowski at www.forexlive.com.