Daily News | Trump launching a trade probe against China?

Another trading week is starting today and all markets are bustling with interesting deals and opportunities. As always, we are here to point you in the right direction and show you what you need to keep track of if you want to be successful. Our main news once again comes from the United States where President Trump is expected to order a trade probe focused on Chinese behavior towards US companies operating in that huge country. At the moment, the companies are being forced to turn over their intellectual property which takes away the edge they have over their competition. A consequence of this trade probe could be a price increase of all Chinese goods, which could put pressure on the Chinese economy. This probe could also be a tool for Trump to pressure China into doing something about North Korea, whose leaders have been threatening the United States quite openly and even implied that they were ready to use nuclear weapons.
In other news, it was announced on Friday that consumer prices in the States went up a bit. Bigger price of food, however, was countered by lower prices of other goods, so the move was not that strong. Still, the Federal Reserve could very well play things cautiously because of this and postpone increasing its interest rates until the end of the year. We will keep continue to monitor the situation, so don’t forget to come back to us every day for more interesting information.

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Author: Max Rothstein

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