Author: Dennis Li
Financial markets took a hit last night as unconfirmed reports stated President Trump is preparing to impose tariffs on a further USD 200 BIO worth of Chinese goods. Having already imposed tariffs on USD 50 BIO worth, his much earlier threats to impose the same on all of the USD 500 BIO worth of Chinese goods that America imports is now starting to spook the markets with the Dow having its first solid fall in a while and the US dollar and Chinese Yuan losing ground.
The AUD had a moderate fall from its low of yesterday still holding up reasonably well within the same range of recent weeks but 60 points off its high of the last 24 hours.
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