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US President Trump has threatened to impose tariffs on Chinese goods, and the global stock market has heard a big blow. The Sino-US negotiating gate has not yet closed, but Trump is willing to dance diplomacy according to the needs of internal affairs, and China and the capital market continue to be tossed.
Trump issued a message on Twitter on Sunday, saying that China is trying to renegotiate, threatening to raise the tariff on Chinese goods from $10 to 25% on Friday, and will soon add 25 to the remaining $325 billion. %tariff. The market had originally reached an agreement on Sino-US negotiations, but Trump’s intimidation made the market worry. The resurgence of the US-DPRK summit was a resurgence, which led to a sharp fall in global stock markets yesterday.
The Sino-US negotiations are now coming to an end. The outside world is estimated that the Sino-US economy is better than expected. The US stocks have hit new highs in the past few days, which has made China and the United States more emboldened. In the two key issues of trade talks, namely, compulsory technology transfer and industry subsidies, Stronger attitude and strive for better conditions.
Nearly at the end of the negotiations, Trump again offered his ultimate pressure on his negotiating experts. For the outside world, is this only raising the asking price? Or in the economic and stock market, he wants to further suppress China by economic and trade, and strive for right-wing hardliners to support his re-election next year, and he will not hesitate to renegotiate?
On the surface, White House adviser Kudlow said that Trump only warned to impose tariffs. The Chinese side also stressed that it is still preparing to send delegations to the United States for consultations. The negotiation gate has not been closed. Therefore, Goldman Sachs estimates that there is a 60% chance that Trump will not Add tariffs. But overall, the market is much more pessimistic than before.
The key factor of the problem is whether Beijing will make greater concessions in technology transfer and industry subsidies involving technological development and economic system. Moreover, Trump once again showed his US diplomacy under the rule, but only responded to the tools of domestic political needs. Repeatedly, do not respect any international diplomatic rules.
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