Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US Publishes $200 Billion China Tariff List

Courtesy of ZeroHedge. View original post here.

Update: The US has released the list of $200 billion in Chinese products that could be subject to an additional 10% tariff, fulfilling President Trump's promises for further escalation of the burgeoning trade war between the US and China. Meanwhile, a senior US official reportedly told CNBC that China isn't seriously negotiating on trade, suggesting that the hoped-for negotiated settlement might not materialize – at least not anytime soon.

The US Trade Rep reportedly took into consideration what might cause the biggest disruptions to China's economy while building the list.

The tariffs, some which will impact goods from "Made in China 2025" sectors, a state-planned initiative to establish China as a leader in several key industries, including artificial intelligence and wireless technology. The tariffs will now begin a two-month review process, with two public comment sessions to be held in August. Trump has threatened to impose tariffs on as much as $500 billion in Chinese imports, which would cover roughly all of the Chinese-made products entering the US.

The full list can be found in the document below:

2018.07.11chinatariffs by Zerohedge on Scribd

* * *

Just when you thought it was safe to BTFTrade War Dip, a headline hits to remind you that President Trump is anything but done with China.

Bloomberg reports that President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.

"The list could be released as soon as Tuesday, and likely this week", according to Bloomberg sources. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.

The potential unveiling comes as Trump is stil considering imposing duties on another $16 billion in Chinese goods, following a public hearing later this month. China, of course, as vowed to retaliate tit-for-tat and dollar-for-dollar to all future US tariffs.

The immediate result: Dow futures plunge 200 points in the blink of an eye.

And all major equity futures drop.

Futures are closed until 6pmET, but SPY (S&P ETF) is extending its losses after-hours.

And China ETF is down aroun d0.5%.

And so did the 10Y Yield.

And USDJPY dropped below 111.00

The new list would mark the latest escalation of the trade war between the world’s two biggest economies.

It appears that the market's brilliant extrapolation of "no more trade wars" as a result of a 3 days silence (of which 2 was during the weekend) may have been wrong.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!