50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Balancing act in China tariff battle

Published 07/11/2018, 09:05 AM
© Reuters.  Balancing act in China tariff battle
DIA
-
IVV
-
SPY
-
QQQ
-
SPXL
-
SPXS
-
DDM
-
DXD
-
QID
-
QLD
-
SDOW
-
SDS
-
SPXU
-
SSO
-
UDOW
-
UPRO
-
VOO
-
PSQ
-
QQEW
-
RSP
-
QQQE
-
DOG
-
SH
-
EPS
-
QQXT
-
TQQQ
-
SQQQ
-
SPUU
-
SPXE
-
SPLX
-
SPXN
-
SPXV
-
SPXT
-
SPDN
-
VFINX
-
  • Height Capital Markets analyst Clayton Allen delivers some analysis on the surprise $200B tariff threat from President Trump against imports from China.
  • "This move reflects Trump's belief that he has more political upside to waging a trade war, at least in the near term, since voter opinion appears to remain supportive of his actions," writes Allen.
  • "This could change rapidly as consumer prices begin to increase or Chinese retaliation takes effect," he warns.
  • "It is unclear how much further he can increase pressure without touching 'sacred cow' imports like cell phone handsets and pharmaceuticals. This move also highlights the inherent risk in Trump's strategy; he may be using these tariff actions as a tool to force China's hand, but he risks overshooting the mark and drawing the US into a trade war that is not easy to win."
  • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV.
  • Now read: Is Another Drop Ahead For Tech Stocks?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.