Monday brings tumbling Asian markets, tanking yuan; China says ready to negotiate

Monday brings tumbling Asian markets, tanking yuan; China says ready to negotiate
Donald Trump with Chinese President Xi Jinping (Image: YouTube screen grab)

[Ed. – That was quick.  Note the middle paragraph and the reference to the crisis in Hong Kong.  That’s not something that means the tariffs are less significant as a factor.  It means adding the tariffs WHILE the Hong Kong crisis is ongoing increases a comprehensive package of pressures.  If you don’t acknowledge that this is how Trump makes his living, and what he knows how to do, you’re suffering from TDS.  Doesn’t mean he does everything right.  But it does mean he didn’t just stumble into this unawares.]

President Donald Trump’s latest trade war escalation against China appears to have had an immediate effect on Asian markets and the Chinese Yuan, sending both tumbling early on Monday morning. …

AFP reported … “On equity markets, Hong Kong led losses, slumping more than three percent, with investors also spooked by fresh violent protests in the city that saw police use water cannon for the first time. Shanghai lost 1.3 percent and Tokyo ended the morning more than two percent off.”

Chinese Vice Premier Liu He indicated early on Monday that the communist nation was willing to negotiate with the U.S. to prevent the trade war from escalating.

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