Skip to main content

Peisch, US Trade Representative: Review Of US-China Tariffs Will Take 'Months'

 

Peisch, US Trade Representative: Review Of US-China Tariffs Will Take 'Months'

On Wednesday, the United States Trade Representative General Counsel Greta Peisch said at an event hosted by Georgetown University’s law school that there is urgency to undertake the analysis of the Trump-era taxes on Chinese goods as soon as possible.

      However, Peisch acknowledged that the analysis would take months, according            to  the Bloomberg reports.

      Important Quotes

     "We would like to undertake analysis as early as possible."

      In part, it will be operated by the huge responses that we are receiving and                  undergoing of all these responses, we make sure that we really have a good                process to consider. Given that, it’s probably going to take months, but again, we        would like to complete it as soon as possible.

     The US analysis of the taxes is more than $300 billion dollars in Chinese imports,          which is  required because the four-year anniversary of the responsibilities will            most likely take months.

    The Market Reaction

    The AUD/USD currency pair is moving back surprisingly on the downside in the           Australian Q1 Private Capex data and the pair is trading at 0.7079, falling by 0.19%       in a day.


Labels:

Comments

Post a Comment

Popular posts from this blog

What is the spread in forex trading ?

For each currency pair, forex brokers will provide you two separate prices: the bid and ask price.  The " bid " is the price at which the base currency can be SOLD. The " ask " is the price at which the base currency can be purchased. The spread is the difference between these two prices. Also referred to as the " bid/ask spread ."  What is the spread in forex trading ? Brokers who do not charge commissions rely on the spread to make money. This spread represents the cost of enabling instantaneous transactions. This is why " transaction cost " and " bid-ask spread " are interchangeable terminology. The cost of making a trade is included into the buy and sell price of the  currency pair  you want to exchange, rather than being charged separately. This makes sense from a business aspect. The broker provides a service and must earn a profit in some way. They profit by selling the currency to you for a higher price than they purchased for i...
Post a Comment
Read more

New Covid Cases Have Been Reported In Beijing, Reigniting Fears Of A Lockdown

  New Covid Cases Have Been Reported In Beijing, Reigniting Fears Of A Lockdown An earlier report mentioned that the Shanghai district is required to close all shops and residents must stay at home. Currently, Bloomberg reports that, during its current COVID outbreak, the Beijing city has reported a record number of COVID cases. Therefore, while reviving the crisis, the Chinese officials are planning to implement a lockdown in the capital city of China as they don’t want to see any community out spread of the COVID virus in the future. On Sunday, the city of Beijing reported 99 COVID cases, up from 61 on Saturday. The Bloomberg report warns that the total number of COVID cases might be low, but since the COVID outbreak started, the rise seems to be one of the biggest. This will exacerbate the lockdown crisis, and it may be resurrected through financial markets, which are scaling on risk appetite, and currencies such as the Australian dollar, which trades as an intermediate. However...
Post a Comment
Read more

What is lots in forex trading ?

In the Forex market (FX),  a lot  is commonly traded in specific amounts or, in the simplest terms, the number of currency units you will be purchasing or selling. A  lot  is defined as a unit of measurement for a specified transaction amount. On the trading platform, orders are placed in sizes that are quoted as  lots . It’s similar to an egg carton or an egg box. Usually, when you buy eggs, you will purchase them in a carton or box, and one carton includes 12 eggs. The standard lot size is 100,000 units of currency. Besides, there are mini (10,000), micro (1000), and nano (100) lot sizes. LOT NUMBER OF UNITS Standard  100,000 Mini 10,000 Micro 1,000 Nano 100 A few brokers show quantity in  lots  while others display it in the actual currency units. As we previously discussed, the variation in the currency value relative to another is measured in  pips ,  which is a very, very small percentage of the currency value unit. In order to tak...
Post a Comment
Read more