The Latest on the US-China Trade War

Asian stock markets fell sharply on the start of this week’s trading as the two biggest economies in the world saw an escalation in the trade war feud after the U.S. administration announced that they are planning to impose an extra 25% tariff on thousands of Chinese products.

That’s not all…

In addition, duties are in the process of being added by Washington on almost everything else that is sent by China to the U.S. which is valued around $300 billion.

The dispute is over technology and trade and will put further pressure on an economic recovery in China. Last Friday, the negotiations between high-level officials from both China and the U.S. ended without any deal.

The U.S. 25% tariff, worth $200 billion, had companies bracing themselves for a tit for tat response from Beijing and how they might respond.

Forewarned is forearmed

Luckily for Plus500 traders, they can stay updated on critical financial data and events with analytical graphs and commentary alerts sent directly to their mobiles keeping them updated on the market trends that are happening now.

These alerts will keep you forewarned on events that could impact the markets and your trades.

China will never surrender

According to a news briefing from a spokesman from China, Mr. Geng Shuang who said that China will never surrender to external pressure and hopes the United States will meet them halfway in addressing one another’s legitimate concerns.

He went on to say that China was resolute and able to safeguard their own legitimate rights and interests.

Threats to impose countermeasures by China, by raising tariffs on approximately $60 billion of US exports are yet to be announced, Mr. Shuang said that coining a U.S. expression for the details ‘wait and see’ and continue to pay attention.

Nationalistic propaganda campaign

Latest news reports in Hong Kong reported a fierce new propaganda campaign from China’s government-controlled media against U.S. greed that said that China will survive the trade war with the U.S.

In strong nationalistic language, in on-air editorials and a series of opinion pieces, they endeavored to reassure a shaky domestic audience that the higher tariffs imposed by US President Donald Trump can be weathered by China.

In an editorial published by the mouthpiece of the Communist Party, People’s Daily and Xinhua News Agency, they allegedly said that China is legitimately fighting to defend itself while the US is fighting for greed and arrogance.

The media said it is a people’s war.

Last July, Mr. Trump raised tariffs after complaints from companies that China was stealing or pressurizing them to hand over technology.

Now, following the hikes last Friday, forecasters are warning that this could disrupt a recovery in China that appears to be gaining traction.

Higher government spending and bank lending saw China’s economy holding steady at 6.4 percent over a year earlier in the last quarter.

Due to the lopsided U.S.-China trade deal, China is running out of U.S. imports it could penalize and in addition, regulators have been slowing down clearance by customs for shipping and processing of business licenses.

VP of the U.S. China Business Council, Jake Parker reportedly said that before picking their next move, it appears that officials are examining the potential impact it will have on the Chinese economy.

Aggressive retaliatory actions to China’s response could see companies moving their operations out of China which is worrisome for officials.

Larry Kudow: China will suffer more

Top economic adviser to President Trump, Larry Kudlow said in an interview that the recent increase in tariffs on Chinese goods will cause hardship not only for China but consumers and American companies as well.

He said that both sides will suffer but that China’s Gross Domestic Product will suffer more from the tariff hike of 15 percent depreciating export market.

President Trump said in a tweet on Monday morning that there is no reason for consumers in the U.S. to pay the tariffs that come into effect in China.

Today, after months of speculation that a deal could be signed between the two biggest economies in the world, there is an escalation of the possibility of a price war crisis deepening.

Seize the moment!

This is a good opportunity for you to take advantage of the opportunities in the financial market with global forex / CFDs brokerage Plus500.

CFD (contract for difference) trading enables you to speculate on the financial markets, without you having to take ownership of the underlying assets.

It has become a popular form of trading shares, forex, indices, and commodities because of the numerous benefits.

What’s the real story?

With CFD’s trading, you have leverage, which means you have access to control much larger positions with only a small amount of money.

At Plus500, you will discover that they have the highest leverage rates in the market of 300:1.

Which means for your one dollar you have access to 300 times more opportunities.

Plus500 trading platform
Plus500 trading platform

*Illustrative prices only

Plus500’s platform also offers traders advanced management tools so that you can have control over your trades and give you protection, some of the tools include:

  • Guaranteed stop – which will close automatically after the asset reaches the desired price.
  • Alerts on price movement
  • Market event announcements
  • Forex signals and calculators
  • Financial analysis tools and graphs

Here are more reasons why you should trade with this CFD’s provider:

  • Trusted and authorized by various financial institutions and are listed on the London Stock Exchange
  • Over 2,000 assets to choose from
  • Do not charge commissions
  • Advanced tools and graphs
  • Trade on the go with your mobile and keep updated on current market events with alerts
  • Very competitive with bid/Ask spreads, leverage
  • Free unlimited demo account with virtual money
  • Easy-to-use platform
  • Excellent learning center with informative tutorials, webinars and more

Bottom Line?

Plus500 offers traders the ‘whole package’. In fact they are a one-stop-shop for all your trading needs.

Start trading with Plus500!

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Interested to Register with Other Recommended Brokers? Click Here!





Leave a Reply

You must be logged in to post a comment.