Analyst opinion by Maria Gregoriou to 5 August 2019

By market
By author
05.08.2019
The big news at the end of last week was that U.S President Donald Trump announced that he would impose a ten percent tariff on a further $300 billion in Chinese imports. China has now hit back by allowing the Yuan to fall to the weakest level in more than a decade this morning and asking state-owned companies to suspend imports of U.S agricultural products, according to Bloomberg. In an interview this morning, journalist for Bloomberg Anna Kitanaka said “this is a significant move in terms of how symbolic this is because China has already been decreasing its purchases of U.
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