Trump’s China trade war threat already roiling markets

[Viet]

Trump threatens to slap 60% tariff on all Chinese imports, a salvo that would obliterate bilateral trade ties and send US inflation soaring


Among the wackiest things to come from Donald Trump’s mouth recently is the former US president trying to take credit for China’s US$7 trillion stock reckoning. “I mean, look, the stock market almost crashed when it was announced that I won the Iowa primary in a record,” Trump told Fox News on February 11. “And then when I won New Hampshire, the stock market went down like crazy.”

In reality, China’s spectacular stock rout has been playing out since 2021, well after Joe Biden moved into the White House. But there is one investor crowd taking notice of the growing odds Asia might soon be grappling with a Trump 2.0 presidency: currency traders. Trump’s threats to impose tariffs exceeding 60% on Chinese goods has the cost of hedging the yuan soaring to the highest levels since 2017.

 

[Viet]

thats a win win if Trump wins. he is big fan of Vietnam.
we getting more business.

 

[Beijingwalker]

lol, bring it on. US is becoming a less and less important market for China. Trump is the US president who made China finally realize how strong it is.

 

[retaxis]

Trump does damage to trade ties with China but China has BRICS/SCO/Latin America/ASEAN/AFrica for trade now so it barely dents its trade

Trump will do immeasureable damage and divide to American population and pit the left vs right to another level. Its going to be city lockdowns and riots everyday of the year when Trump is president and i Hope he does become president because it will be a riot to watch the country turn ape sh1t

 

[Beijingwalker]

NATO fears Trump more than anyone else in the world.

 

[Developereo]

This will backfire on Trump and US companies will be the first to let him know.

China will still dominate the rest of the world and the big US companies cannot thrive on a purely domestic market. They need to be competitive with Chinese companies in the global market. Protectionism only works for up and coming economies; it boomerangs into a disaster for advanced economies.

 

[flowerfan]

Eventfully American will find out Trump only a WWE actor.

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[Developereo]

Eventfully American will find out Trump only a WWE actor.

BREAKING NEWS:

Donald Trump has suggested that the American people can save a lot of money by deciding the election on a wrestling match between him and Joe Biden instead of going to the polls.