A Quarter of Chinese Stocks Crash 10% as Trump Threatens Another $200 Billion in Tariffs

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    Helmholtz Watson

    Stock markets opened lower on tuesday as investors…



    Coming Out Fast And Furious

    Peter Navarro, the White House trade advisor being quoted:


    None of the Trump administration’s efforts to negotiate with China have yielded progress on changing China’s predatory trade practices
    Trump has great relationship with Chinese Pres. Xi and will work with him to resolve trade issues
    China has more to lose in trade dispute with US
    Administration will choose Chinese products for possible tariffs in a measured and fair way
    Has no knowledge of or comment on speculation that Apple has secured exemption from tariffs on Chinese goods
    our phone lines are open to further discussions with Chinese officials
    Trump’s actions are necessary defense of crown jewels of US economy
    Chinese may have underestimated Trumps resolved to secure changes in China’s trade practices
    Trumps plan is visionary and courageous
    US priorities are deficit cut, IP protection
    Tariff level 10% limit consumer impact

    Helmholtz Watson

    U.S. Senate has voted to reinstate sanctions on Chinese telecommunications company ZTE.

    This becomes HUGE in the trade debate. If it becomes law, the amendment will ban ZTE from buying U.S.-made parts for seven years – the same ban that forced the company to halt most operations when it was first introduced in May.

    Under a deal announced earlier this month, the White House agreed to lift the ban, while ZTE agreed to pay a $1 billion fine and leave $400 million in escrow to cover any future violations. The ZTE sanctions approved by the Senate are included in the National Defense Authorization Act (NDAA), which provides $716 billion for national defense priorities.

    The House version of the Act does not include the ZTE ban.

    Helmholtz Watson

    Offshore Chinese Yuan Hits Lowest levels in 6 months

    USD up, Gold falling, onshore yuan itself falling by more than 5% since the lows this year, the devaluation question is loud in this trade war environment.


    [size=5][color=green]Chinese Stocks Hit Highest Since June on Hopes of Trade Breakthrough Ahead of National People’s Congress
    Chinese shares rallied Monday on optimism about the U.S. China deal and hopes for fresh official support for the Chinese economy.

    The Shanghai Composite surged as much as 3.2% before paring gains to close up 1.1%, still the highest since June.

    The CSI 300 Index, which covers the biggest stocks listed in either Shanghai or Shenzhen, added more than 1.2% to its own more-than-eight-month high.

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