Where Trump is not willing to make concessions or yield, however, it is in regard to China. Here, the motto ‘always more than you’ seems to apply. The tariff spiral is in full swing, there are only some exceptions, says CommerzBank’s currency analyst Antje Praefcke.
The tariff war between the US and China harms everyone
“Now it could be said that when two fight, a third is glad. But it is not so simple at the geopolitical and economic level. After all, the trade and the flow of goods cannot be deviated or changed quickly (see also the comments of my colleague Volkmar on Friday). It is true that new alliances and associations can be formed international time.”
“In this sense, in my opinion, the conclusion here is also the realization that the war (tariff) between the US and China is unlikely to benefit someone, but will mainly harm everyone; after all, with such high tariff Currency, remains skeptical over the US dollar and Renminbi. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
