Trump: Chinese Goods

trump: Trump threatens new tariffs on 267bn of Chinese goods Read more Making matters worse, the US is poised to slap tariffs as high as 25% on as much as 200bn worth of Chinese goods, according to The Guardian. If the US goes ahead, Beijing has already threatened to retaliate, which would only incense President Donald Trump further. Argentina's 50bn bailout by the Washington-based lender of last resort is the most extreme event so far, but it sits alongside the dramatic collapse of the Turkish lira, a recession in South Africa and dire economic predictions for the Philippines, Indonesia and Mexico. This tit-for-tat might only end when tariffs are applied to the entire 500bn of Chinese goods imported by America each year. Investors have run for safety to such an extent that the MSCI Emerging Markets index, which measures the value of shares in emerging economies, has tumbled by more than 20% since the beginning of the year. In response, the stock markets of many developing nations have slumped in value, leaving investors to ask themselves whether they are witnessing an emerging-markets meltdown akin to the Asian crisis of 1997 a panic that wrecked the finances of several hedge funds and proved to be an hors d'oeuvre before the dotcom crash of 1999 and the global financial crisis of 2008. (news.financializer.com). As reported in the news.