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China imposes retaliatory measures against 12 US companies and their senior executives

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China Nyheter

Unitedstates,Tradewar,AUDUSD

China announced on Wednesday that it will impose countermeasures against 12 American companies and their senior executives, as trade tensions between the world’s two biggest economies mount.

The retaliatory measures will include freezing movable, immovable, and other types of assets in China. This comes in retaliation to the White Houseannouncement on May 14, stating that the US will hike tariffs on Chinese chips and electric vehicles. Reports are crossing the wires now that many of those tariffs will be effective from 1 August. Further, it is reportedly said that there will be public comments on new China tariffs, with June 18 as the deadline.

The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .

 

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