Trump's extra 10% tariffs on China came into effect on Teusday, February 4.
China's retaliation followed just hours later:
As yet, there is no sign of a conversation taking place:
WSJ: Pres Trump and China Pres. Xi are not speaking todayI posted earlier on the GS analysis:
Goldman Sachs - China trade war retaliation measures to have a limited energy price impactAdding a little more now:
"We believe near term implications to commodity markets will be limited given that neither global supply nor demand of these commodities are changed by China's tariffs," impacted U.S. volumes likely to find alternative buying markets easilyChina to replace impacted import volumes with alternative suppliersfor coal, GS expects US volumes to be redirected to Japan and Korea, which will likely release local Pacific basin supplies to go to China insteadChina crude oil imports from the US are smallAlso, the above:
Financial Times: China’s exporters to step up offshoring to beat Trump’s tariffs This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about more on goldman sachs china retaliatory measures to have limited impact on energy prices was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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