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It is easy to argue that this is a setup. Washington doesn't want China to tap into one of its greatest weapons to avoid the extra costs associated with tariffs -- foreign exchange rates. A weaker renminbi could make tariffs moot as Made in China becomes cheaper due to the currency variable. A stronger renminbi could mean a weaker dollar compared to a basket of other major currencies, too. Trump also likes a weaker dollar because it means U.S. exporters can compete with other countries on pricing.
Xi Jinping can take a sigh of relief if that is the case. So can Wall Street, as tariffs remain status quo instead of going higher.Bull up, or bull down? Two water buffalo bulls outside of the Hong Kong Stock Exchange. Every time the MSCI is set to increase its weighting of mainland Chinese equities, the A-shares rise. It's always short-lived.
There is increasing anticipation that China’s stimulus trickle down effect is occurring. Wall Street has been clamoring for more spending in China and they are getting it. Banks are finding companies to lend to.China got its trade truce. To get it, they said they will spend $30 billion on American agriculture imports, which means around 40% more of what they imported last year. This could be unrealistic.
Eating weird foods that are not cheeseburgers or pizza
Polluting the earth and their people?
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