Day Trading Stocks & Futures

vikas2131

Well-Known Member
China is raising tariffs on $60 billion of US goods starting June 1

China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods.

Beijing will increase the tariffs to 25% from 10% on June 1, the Chinese Finance Ministry said Monday. The action raises the stakes in a widening trade conflict that has rattled investors and threatened to damage the global economy.



https://www.cnbc.com/2019/05/13/chi...s-goods-starting-june-1.html?__source=twitter
 

siddhant4u

Well-Unknown Member
Why it happend like that??
check the reading list @manny.here has compiled for all of us (kudos to him). If you are interested in trading suggest you start reading on how market works and why news doesn't matter. Markets already factors in any news good or bad before it reaches to retailers or even big players. So basically it's futile to attempt to react based on news.
 
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TraderRavi

low risk profile
Hu Xijin, editor-in-chief of China’s state-controlled Global Times, singled out Boeing among the Dow components likely to be targeted by the new round of tariffs.

“China may stop purchasing U.S. agricultural products and energy, reduce Boeing orders and restrict U.S. service trade with China,” he said in a tweet, adding that Chinese authorities could also consider dumping their holdings of U.S. Treasuries.



by this chinese action stock markets ki lag jayegi :pompus:
 

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