“On a Scale of 1-10, It’s an 11” – Wall Street Reacts to China’s Retaliation
By Zero Hedge
One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative. Read more...
By Zero Hedge
One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative. Read more...
Trade War: China Suspends Purchases of US Agricultural Products
By Telesur
China’s Commerce Ministry announced Tuesday that the Asian country will suspend the purchase of U.S. agricultural goods in response to the recent announcement that the President Donald Trump administration will increase tariffs to Chinese exports. Read more...
Trump War on China by Other Means. Economic Warfare. Things May Get Ugly
By Stephen Lendman
China is rising, heading toward becoming the world’s leading economy — already No. 1 ahead of the US on a purchase price basis, what a basket of goods costs in both countries. Read more...