Sun, Sep 02, 2018 - Page 14 News List

TAIEX follows US’ lead, declines

TRUE TO HIS WORD?A report that Trump plans to follow through on a plan to levy tariffs on US$200 billion of Chinese goods rattled regional markets, most of which fell

Staff writer, with CNA and AFP

“One thing’s for sure — Sino-US trade developments are destined to be the defining feature of September’s markets,” National Australia Bank Ltd head of foreign exchange strategy Ray Attrill said.

“We are inclined to take the headlines that Trump is minded to announce his intentions to ratchet up tariffs on China as early as next week at face value,” he said.

Trump’s latest comments came ahead of a summit between Trump and Chinese President Xi Jinping (習近平) in November, with some observers saying that they are part of a strategy by the tycoon to win concessions.

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