Carrot and stick approach: US moves towards new tariffs on China despite trade talks: WSJ

The Trump administration has likely adopted a carrot-and-stick approach to dealing with China. 

On one hand, President Trump has approved relaunching of talks to scrap tariffs and on the other hand, the administration is moving closer this week to levying tariffs on nearly half of Chinese import, accordng to Wall Street Journal (WSJ).

Key quote (Source: WSJ)

"Twin administration initiatives-pursuing tariffs on $200 billion of Chinese goods while relaunching talks to scrap tariffs-underscore a split within the U.S. administration, with negotiators in the U.S. Treasury Department offering a carrot, while the office of the U.S. trade representative threatens with a stick, both with the approval of President Trump, according to people familiar with the administration's internal deliberations."

 

 

Gold Technical Analysis: Bulls need to defend trendline support of $1,190

Hourly chart Current Price: $1,193 Daily High: $1,194.50 Daily Low: $1,190.32 Trend: Bearish below $1,190 Resistance R1: $1,195 (5-day MA) R2
Đọc thêm Previous

NZD/USD prints 9-day tops near 0.6660 amid notable USD supply

The NZD/USD pair caught a fresh bid-wave near 0.6625 region in Asia opening trades and from there extended the ongoing upbeat momentum, hitting a fres
Đọc thêm Next