The US-China Trade War: Selected Stories

8 August 2019 — Global Research

“On a Scale of 1-10, It’s an 11” – Wall Street Reacts to China’s Retaliation

By Zero Hedge

One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative. Read more…

Trade War: China Suspends Purchases of US Agricultural Products

By Telesur

China’s Commerce Ministry announced Tuesday that the Asian country will suspend the purchase of U.S. agricultural goods in response to the recent announcement that the President Donald Trump administration will increase tariffs to Chinese exports. Read more…
Continue reading

China’s Yuan Breaks the 7 to $1 Band–The Global Currency War Has Begun

5 August 2019 — Jack Rasmus

Over this weekend, China’s Yuan currency broke out of its band and devalued to more than 7 to $1. At the same time China announced it would not purchase more US agricultural goods. The Trump-US Neocon trade strategy has just imploded. As this writer has been predicting, the threshold has now been passed, from a tariff-trade war to a broader economic war between the US and China where other tactics and measures are now being implemented.

Continue reading