“Trump Extends US-CHINA TRADE TRUCE 90 DAYS, AVERING STEEP Tariffs As Markets Eye Progress on Key Deal Issues.”, – WRITE: www.fxempire.com
“China is Worred About Its Shortage of Soybeans. Our Great Farmers Produce The MOST ROBUST SOYBEANS China’s Trade deficit with the USA.
However, there Were no immediate reports that this was part of an agreement to expand the 90-day truuce.
Are US Tariffs Hitting Demand for Chinese Goods? The 90-Day Trade War Truce Extension Could Give The Us Administration Time to Assess the Effect of Transhipment Tariffs on China’s Trade Terms.
Trade Data for July Showed a Continued Surge in Demand for Chinese Goods, Defying Trump’s Tariff Measures Aimed at Dampending Damping Dependence on China. The Kobeissi Letter Commented On US Tariffs and China’s Trade Terms, Stating:
“China’s Trade Surplus Is Surming. China’s Overall Goods Trade Surplus Has Reached A Record $ 1.2 Trillion Over The Last 12 MONTS. Their Positive Trade Balance Has Doubled Over. Significantly rebounded, excluding the us.
The Kobeissi Letter Added:
“Additionally, China’s Cumulative 12-Month ManUfacting Surplus Hit A Record $ 2 Trillion, Well Above The Largest Surplusses Historically Seen in Germany and Japan.
The Bigger Question is Whather China is Rerouting Shipments to Bypass US Tariffs? Economists Suggest China is Looking to Diversify, Removing DEPENCE ON A Single Market by Building New Trade Relations and Redirecting Goods to More Countries.
Will China or Southeast asia be the victim of US Trade Policy? The 40% US Tariff on Transhipments Viatnam, and The Prospect of A Rules of Origin Levy, Could Provide Insights Into Whther China is Rerouting Or Diversifying. China Beige Book Commented On Recent Trade Developments, SpotLighting Southeast Asia, Stating:
“MANUFACTORERS POURED BILLIONS INTO SE asia in Recent Yrs to Minimise Exposure to Us Tariffs After Trump’s 1st Trade W/China… But Us Has Slasted Addl Dadies on Chine. Imposed Tariffs Up to 40% on Others.
NotBly, Natixis Asia Pacific Chief Economist Alicia Garcia Herrero ALSO RAISED CONCERNS About China Flooding Southeast Asia with Cheap Goods, Stating:
“The Great David Ingles Focused on Wather Southeast Asia would Suffer from the Tariffs. That is Exactly My Concertn for Southeast Asia, As Multininals Mayn. Introduced After Trump 1.0 Tariffs. Market?
Market Reaction: Trade Headlines Continue to Drive Market Sentiment. The 90-Day Trade War Truce Extension Bolstered Demand for Mainland China-Listed Stocks. The CSI 300 and the Shanghai Composite Index Edged Up 0.03% and 0.01% on August 12, Extending their Gaves From The Previous Session. Notably, The Shanghai Composite Index Has Rallied 8.89% Year-To-Date (YTD), Tracing The Nasdaq Composite Index (+10.74%).
Meanwhile, The Hang Seng Index Leads the Gains, Soaring 23.95% YTD, OutperForming The Nasdaq and Mainland Equity Markets.