Trade war is in the focus!
Dear traders,
More and more severe mutual threats will force investors to remain tense over the further development of events surrounding a possible trade war between the US and China.
This week, trade relations between the two largest economies of the world have worsened after President Donald Trump threatened the introduction of new duties on Chinese goods worth $ 100 billion on Thursday.
In response, the Ministry of China on Friday reported that the Chinese state will not doubt the introduction of adequate response measures.
China has already responded to the Trump Administration’s plan to impose duties on Chinese goods worth $ 50 billion, having published a list of duties on imports of goods from the United States. This increased fears that the two largest economies of the world are moving step by step towards a trade war that could shake the foundations of the global economy.
On Thursday, the attention of market players will be attracted by an important speech by President Xi Jinping. Traders will be interested in the statements of the leader of China regarding trade relations with the United States.
In the next few days, negotiations will also continue on the renegotiation of the North American Free Trade Agreement (NAFTA), where a period of intensive consultations has come.
There are suggestions that the progress in the renegotiation of the NAFTA treaty will be announced before the meeting of US President Donald Trump, Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau at the Summit of the Americas, which starts in Peru at the end of this week. (Investing.com)
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