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Market Outlook: Trump’s new tariffs on Tuesday

Another $200 billion goods targeted
July 11, 2018

As the trade war escalates, another $200 billion of US bound China-made goods will see 10 per cent import tariffs slapped on them; these will be under review for the next two months.  US Trade Representative Robert Lighthizer said, ‘’for over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition’’.

NATO members meet today and tomorrow at their new multi-million dollar headquarters in Brussels for their first biennial summit.  Government heads of 40 countries, including the 29 members, are said to be wary of what President Trump will have to say about the funding of the organisation.  Yesterday he Tweeted: ‘’NATO countries must pay MORE, the United States must pay LESS.  Very unfair!’’

DAX 30

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