Tariff Relief Would Send China’s Stock Market Even Higher

📆 12/12/2019 5:45 PM
📰 Forbes

⏱ Reading Time:
41 sec. here
2 min. at publisher
📊 Quality Score:
News: 20%
Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

It’s 3 days before D-day for China. President Trump is supposed to decide on slapping 25% tariffs on some $150 billion worth of consumer goods from there. It now looks like those tariffs will be put on hold

JPMorgan Chief Executive Jamie Dimon was popular this morning on financial Twitter for his lobbying for a trade deal. Few think Dimon brings anything remarkable to the table on this anyway. This is the Davos crowd hemming and hawing about free trade, something China has never practiced. Investors shouldn’t be surprised if the velvet comes off the gloves in 2020, barring a surprising change in policy from Beijing.

considering reducing existing tariff rates by as much as 50%. Without major concessions from a Xi, a rollback of that magnitude would be a China win heading into 2020.That’s because companies are continuing to relocate out of China due to the higher costs of doing business there and trade uncertainty.that 23% of its member firms in China have either left China or are considering it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

35 billion shit

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump blocks global trade referee powers just ahead of planned China escalation - Business InsiderThe WTO move comes as Trump escalates protectionism on multiple fronts, including through plans to extend tariffs to all imports from China on Sunday.
Source: BusinessInsider - 🏆 729. / 51 Read more »