Most importantly, we need to know when the market will rebound.
If today US rebounds again, it could be an indication of a strong rebound in coming sessions.
No news from China means good news so far. No retaliation is somewhat unexpected.
Trump is diverting attention from China by lighting fire on US borders telling the world that he is not about bringing China down, it is only about making US great again. I think this rebound will be very rewarding to him. In short, Trump triumphs.
laychee, when will the market rebound? That's an interesting question.
So, China is swifting production to Vietnam, I mean willingly. Some went to Taiwan, some went to India, some went to smaller countries like Thailand and Malaysia. Cost will be a bit high but US is still buying Chinese products.
US economy is still very very strong, unemployment 3.4%, that's too good to be true. If you look at the last election, Trump actually gain more support. So, in the coming Presidential Election, other candidates will likely to adopt similar policy against China. Even if Trump lose, trade war will go on.
The bigger problem is, China likely to force RMB to depreciate. To counter that, US may further increase tariffs. Whatif it is 50%?? (Well, we charged 100% for imported car isn't it, 50% is sup sup sui) That's like the end of the world.
Conclusion, very very bad and very very long war ahead.
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supersaiyan3
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Posted by supersaiyan3 > 2019-06-03 20:00 | Report Abuse
說得太好!