“The world markets are preparing for a new impetus on Monday after US President Donald Trump launched a trade war, introducing large -scale tariffs against Canada, Mexico and China.”, – WRITE: epravda.com.ua
The world markets are preparing for a new impetus on Monday after US President Donald Trump launched a trade war, introducing large -scale tariffs against Canada, Mexico and China. About it reports Reuters. Mexico and Canada – the two largest trading partners of the United States – promised immediate measures, and China stated that it would take “countermeasures”, which created the basis for another turbulence. The risk of global trade war can harm US corporations and cause pressure on inflation, potentially cross out expectations for reducing interest rates in the United States and further weaken currencies such as the Canadian dollar and Chinese Yuan. Advertising: “The market was still on the side of Trump But it can change, and they can challenge him for the first time, “said Mark Malek, Chief Investment Director of Siebert Financial in New York. Atfx Global’s main market analyst in Sydney Nick Tweeille believes that shock will adversely affect Canadian, Mexican and Chinese currencies. Twwwill also expects significant currency movements when Asian markets open. The Canadian dollar was on the line of fire in the last days, reaching a five -year minimum in the area of 1.459 for a dollar last week. Advertising: Mexican peso can fall by almost 12%, the currency was traded at 20.6 per Friday. Analysts also expect some promotions and other high -risk assets when the markets will open again on Monday on February 3. Recall: US President Donald Trump has signed three decrees on the introduction of additional duties on goods from Canada, Mexico and China. This was the first official decision within the trade war. Canada and Mexico leaders promised to answer similar measures.