FX.co ★ Trump the destroyer: US-China Trade war approaches

Trump the destroyer: the US-China Trade war is approaching.

China introduces retaliatory measures on US goods after the US statement on the introduction of duties on goods from the United States on Friday, June 15.

China said it is imposing new duties on goods from the US, including soybeans, Boeing aircraft and crude oil.

In total, the list of goods from the United States, which is expected to impose duties, 659 goods - compared to 110 goods in the list of China from April. This is a response to Trump's decision to impose duties on goods from China worth $50 billion. - the tax is 25%.

On Friday, US authorities said that if China responds, the US government will immediately introduce new duties on an additional list of goods from China.

Thus, before the full-scale US-China trade war, there remains a minimum distance - by actions and time.

American business-especially high-tech, producing its products in China (a striking example - Apple and its iPhones and iPads) - appeals to Trump to abandon new duties, as it will lead to duties on US goods of American companies.

The picture is supplemented by Trump's willingness to impose duties on steel and aluminum from Europe, Canada and Mexico - despite the stiff resistance of the US allies - we recall the failure and the virtual breakdown of the "Big Seven" last weekend - the US-Partner conflict reached such a degree (especially with Canadian Prime Minister Trudeau) - that Trump even withdrew his signature under the final statement of the "Seven".

The situation is unfolding rapidly, we are following the development.