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February 25, 2017

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China tarnishes Trump's trade - and the Goods Act surprisingly

China has begun to flaunt Donald Trump over trade threats, but the measured response by the respective commodity markets suggests that investors are playing it sensibly rather than swallowing theatricality on both sides. After weeks of claiming how unhappy he was with China over a deal with the US with COVID-19, Trump — several times to threaten to walk away from the much-awaited phase one trade agreement between the two countries Slapping ended his performance on Friday with Beijing on the wrist instead of Hong Kong. Stocks on Wall Street rose to a relief rally, as did crude oil on NYMEX. But China was not done with that. Beijing told state-owned firms over the weekend to block purchases of soybeans and pork from the United States, Reuters cited two people familiar with the matter. A source said that Chinese importers had raised 10,000 to 20,000 tonnes to the U.S. Pork shipments have been canceled - equivalent to nearly a week of orders in recent months - following Trump's

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