US-China trade war: walking a tightrope
Friday 09 August 2019
Research / Market
US-China trade war: walking a tightrope
Recent escalation: Donald Trump proposed additional 10% tariffs on a further US$300billion worth of Chinese imports from 1 September. This is surprising, given that the two countries appeared to have found some common ground at the G20 meeting in June. However, the truce was short-lived and China responded with its own set of measures in form of a suspension of US agricultural imports and currency devaluation, which could further escalate the situation.