- This is a de-escalation.
- Agreement with China will allow magnets to flow to everyone who received them before on a regular basis.
- 20% fentanyl tariffs on China remain in place.
- Now our tariffs are 30% on China, theirs are 10%.
- On August 12 tariffs date says going to be up to Chinese, think we can keep this de-escalation under control.
- We don’t want to decouple from China.
The market has been looking past the tariffs stuff for quite some time already. The tariffs on China will likely settle around these levels or a bit lower and the rest will keep 10%.
This article was written by Giuseppe Dellamotta at www.forexlive.com.