US Dollar, S&P 500 Spike Lower As China Announces Tariff Retaliation

US Dollar, S&P 500 Spike Lower As China Announces Tariff Retaliation


Trade War Analysis and Talking Points:

  • China to Raise Tariffs on June 1st
  • Tariffs to be Raised to 25% on $60bln of US goods

See our quarterly FX forecast to learn what will drive prices throughout Q2!

China have announced that they will raise raises to 25% on $60bln worth of US goods from June 1st in retaliation to the United States decision to raise tariffs to 25% on $200bln worth of Chinese goods. In regard to the details, the Chief Editor of Global Times noted that China may stop purchasing US agricultural products and energy, while also reducing US service trade with China.

Updates to Follow

S&P 500 Price Chart: 1-Minue Timeframe (Intra-day)

US Dollar, S&P 500 Spike Lower As China Announces Tariff Retaliation

US Dollar Price Chart: 1-Minute Time Frame (Intra-day)

US Dollar, S&P 500 Spike Lower As China Announces Tariff Retaliation

TRADING RESOURCES:

— Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX





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