slysssassa
Re:Tariffs China imposes on every country
on Friday July 20, 2018 @10:27AM (#17575227)
The current approach seems to work so far against China though.
1.) S&P 500 up 5.3%, shanghai composite down 15.7% http://www.talkmarkets.com/content/us-markets/china-and-us-d...
2.) Yuan falls 1 year low vs dollar, losing 7% since 1st quarter https://www.reuters.com/article/china-stocks-hongkong-close/...
3.) China has 33.3 billion yuan ($4.9 billion) in corporate bond defaults so far this year, already exceeds the full-year record of 30 billion yuan, set in 2016. https://www.bloomberg.com/news/articles/2018-07-19/why-china...
4.) Chinese manufacturing slowed in June as exports weakened http://www.startribune.com/surveys-show-chinese-manufacturin...
also, it does look like each country/block is setting its own tariffs against China
The European Union will impose import tariff quotas of 25% on a number of steel products https://www.marketwatch.com/story/eu-to-impose-tariff-quotas...
The Canadian measures are expected to include new quotas on certain steel imports to prevent dumping, with tariffs applied above that threshold https://www.bloomberg.com/news/articles/2018-06-26/canada-sa...