fbpx

Chinese Currency, Yuan, and Stock Markets Fall in Reaction to the Trade War

On August 6, the Chinese currency, Yuan, and mainland equities declined. While the yuan fell 0.17 percent to 6.8402 Yuan per dollar, the Shanghai Composite Index closed down 1.3 percent at its lowest since February 2016.For US companies heavily reliant on Chinese labor, Southeast Asia could be an alternative choice for relocating factories, temporary or permanent. – Ziqing Zhang

For more on the global impacts on businesses, see our detailed summary and assessment here.

American Meat Export is Likely to Take a Big Hit Following Chinese Tariffs

Following the latest round of American tariffs on Chinese goods July 5, Beijing responded with retaliatory tariffs imposed on July 6, adding a 25% duty targeting American soybeans, meat, and vehicles. US farm produce, especially beef and high-end steaks, is expected to take a significant hit as exports to China becomes increasingly more expensive. The duty rate on US beef to China is being tripled from 12% to 37%, just as US beef was beginning to reemerge as a strong player in Chinese markets. – Dillon Billingham

Trump’s Trade War with China has started

United States President Donald Trump’s first round of tariff on $34 billion worth of Chinese imports will take effect on Friday, July 6, 2018. The first 25% tariff will impact a variety of products including farm machinery, industrial products, medical devices, automobiles, and aircraft parts. Read a more detailed summary and our assessment here.

Did Trump Initiate a Trade War With China?

On January 23, 2018, President Donald Trump approved two decisions imposing tariffs and quotas on solar cells and washers.  These tariffs may adversely affect U.S. consumers through increased import prices and are likely to spark retaliatory polices by many of the U.S. trading partners in Asia. This began when the current administration approved safeguard measures, pursuant…

Follow Us