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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (46070)	7/6/2018 12:40:50 PM
From: Goose94	Read Replies (1) of 203376

Gold: China tariffs begin. U.S. tariffs on $34 billion worth of Chinese goods began on Friday, with retaliatory tariffs from China immediately implemented. China said the U.S. has now initiated the largest trade war in history. The escalation of the trade war is showing no signs of reaching a resolution, and it comes at a time when global trade is slowing down anyway, raising threats to global economic growth. And as China moves to put tariffs on U.S. crude, Chinese refiners are looking elsewhere for oil imports. China is expected to import around 400,000 bpd from the U.S. in July. Meanwhile, the EU is compiling a list of American goods for new tariffs.

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