020 7898 0500Trump went ahead with his threats and imposed a fresh wave of 10% tariffs on $200 billion of Chinese imports. The proposal is currently under review, but it could come into effect from September and volatility between now and then is reasonable to expect.
It will be interesting to see how China responds, especially as it doesn’t import enough to match the US tariffs, but it could harm the US in other ways, such as by deliberately weakening its own currency, or targeting US companies based in China.
Today we will see the inflation rate for June and initial jobless claims up to 7 July 2018. However, the focus will be on Trump’s visit to the UK and what China’s response to Trump’s actions will be.
